• Snap-On average price/book ratio for 2023 was 2.86, a 19.67% decline from 2022.
• Snap-On average price/book ratio for 2022 was 2.39, a 11.48% increase from 2021.
• Snap-On average price/book ratio for 2021 was 2.7, a 40.63% decline from 2020.

Price/book ratio can be defined as