• Fastenal average price/book ratio for 2024 was 11.39, a 19.64% increase from 2023.
• Fastenal average price/book ratio for 2023 was 9.52, a 10.31% increase from 2022.
• Fastenal average price/book ratio for 2022 was 8.63, a 12.3% increase from 2021.

Price/book ratio can be defined as