• Snap-On average price/book ratio for 2023 was 2.84, a 19.33% increase from 2022.
• Snap-On average price/book ratio for 2022 was 2.38, a 11.19% increase from 2021.
• Snap-On average price/book ratio for 2021 was 2.68, a 40.31% decline from 2020.

Price/book ratio can be defined as