• Johnson Controls average price/book ratio for 2023 was 2.27, a 6.07% increase from 2022.
• Johnson Controls average price/book ratio for 2022 was 2.14, a 12.65% increase from 2021.
• Johnson Controls average price/book ratio for 2021 was 2.45, a 85.61% decline from 2020.

Price/book ratio can be defined as