• Textron average price/book ratio for 2023 was 2.08, a 2.97% increase from 2022.
• Textron average price/book ratio for 2022 was 2.02, a 15.83% increase from 2021.
• Textron average price/book ratio for 2021 was 2.4, a 67.83% decline from 2020.

Price/book ratio can be defined as