• Trimble average price/book ratio for 2023 was 3.02, a 18.38% increase from 2022.
• Trimble average price/book ratio for 2022 was 3.7, a 31.35% decline from 2021.
• Trimble average price/book ratio for 2021 was 5.39, a 51.83% decline from 2020.

Price/book ratio can be defined as