• Itron average price/book ratio for 2023 was 2.39, a 25.79% increase from 2022.
• Itron average price/book ratio for 2022 was 1.9, a 39.68% increase from 2021.
• Itron average price/book ratio for 2021 was 3.15, a 8.96% decline from 2020.

Price/book ratio can be defined as