• Eaton average price/book ratio for 2023 was 4.44, a 34.95% increase from 2022.
• Eaton average price/book ratio for 2022 was 3.29, a 9.62% increase from 2021.
• Eaton average price/book ratio for 2021 was 3.64, a 47.97% decline from 2020.

Price/book ratio can be defined as