• Northrop Grumman average price/book ratio for 2023 was 4.42, a 14.17% increase from 2022.
• Northrop Grumman average price/book ratio for 2022 was 5.15, a 9.11% decline from 2021.
• Northrop Grumman average price/book ratio for 2021 was 4.72, a 2.28% increase from 2020.

Price/book ratio can be defined as