• Graco average price/book ratio for 2023 was 6.21, a 5.08% decline from 2022.
• Graco average price/book ratio for 2022 was 5.91, a 25.1% increase from 2021.
• Graco average price/book ratio for 2021 was 7.89, a 1.87% decline from 2020.

Price/book ratio can be defined as