• Toro average price/book ratio for 2024 was 5.67, a 15.63% decline from 2023.
• Toro average price/book ratio for 2023 was 6.72, a 9.19% decline from 2022.
• Toro average price/book ratio for 2022 was 7.4, a 15.53% decline from 2021.

Price/book ratio can be defined as