• Honeywell average price/book ratio for 2023 was 7.35, a 10.69% increase from 2022.
• Honeywell average price/book ratio for 2022 was 6.64, a 11.7% increase from 2021.
• Honeywell average price/book ratio for 2021 was 7.52, a 28.55% decline from 2020.

Price/book ratio can be defined as