• Nordson average price/book ratio for 2023 was 5.13, a 9.84% increase from 2022.
• Nordson average price/book ratio for 2022 was 5.69, a 6.26% decline from 2021.
• Nordson average price/book ratio for 2021 was 6.07, a 4.12% decline from 2020.

Price/book ratio can be defined as