• Honeywell average price/book ratio for 2023 was 7.32, a 10.74% increase from 2022.
• Honeywell average price/book ratio for 2022 was 6.61, a 11.63% increase from 2021.
• Honeywell average price/book ratio for 2021 was 7.48, a 28.3% decline from 2020.

Price/book ratio can be defined as