• Teradyne average price/book ratio for 2023 was 6.65, a 9.2% decline from 2022.
• Teradyne average price/book ratio for 2022 was 6.09, a 29.51% increase from 2021.
• Teradyne average price/book ratio for 2021 was 8.64, a 19.17% decline from 2020.

Price/book ratio can be defined as