• Trimble average price/book ratio for 2024 was 2.88, a 4.64% increase from 2023.
• Trimble average price/book ratio for 2023 was 3.02, a 18.38% decline from 2022.
• Trimble average price/book ratio for 2022 was 3.7, a 31.35% decline from 2021.

Price/book ratio can be defined as