• Timken average price/book ratio for 2024 was 1.92, a 11.93% decline from 2023.
• Timken average price/book ratio for 2023 was 2.18, a 17.2% decline from 2022.
• Timken average price/book ratio for 2022 was 1.86, a 17.7% increase from 2021.

Price/book ratio can be defined as