• Fortune Brands Innovations average price/book ratio for 2023 was 3.82, a 34.04% increase from 2022.
• Fortune Brands Innovations average price/book ratio for 2022 was 2.85, a 32.94% increase from 2021.
• Fortune Brands Innovations average price/book ratio for 2021 was 4.25, a 19.72% decline from 2020.

Price/book ratio can be defined as