• Heico average price/book ratio for 2024 was 6.77, a 8.15% increase from 2023.
• Heico average price/book ratio for 2023 was 6.26, a 5.01% increase from 2022.
• Heico average price/book ratio for 2022 was 6.59, a 10.58% decline from 2021.

Price/book ratio can be defined as