• Pentair average price/book ratio for 2023 was 3.48, a 22.11% increase from 2022.
• Pentair average price/book ratio for 2022 was 2.85, a 39.49% increase from 2021.
• Pentair average price/book ratio for 2021 was 4.71, a 45.82% decline from 2020.

Price/book ratio can be defined as