• Flowserve average price/book ratio for 2024 was 3.22, a 28.29% increase from 2023.
• Flowserve average price/book ratio for 2023 was 2.51, a 21.26% increase from 2022.
• Flowserve average price/book ratio for 2022 was 2.07, a 14.46% increase from 2021.

Price/book ratio can be defined as