• Onto Innovation average price/book ratio for 2023 was 3.52, a 51.72% increase from 2022.
• Onto Innovation average price/book ratio for 2022 was 2.32, a 17.73% increase from 2021.
• Onto Innovation average price/book ratio for 2021 was 2.82, a 102.88% decline from 2020.

Price/book ratio can be defined as