• Vontier average price/book ratio for 2024 was 5.71, a 12.02% decline from 2023.
• Vontier average price/book ratio for 2023 was 6.49, a 3.34% decline from 2022.
• Vontier average price/book ratio for 2022 was 6.28, a 40.08% increase from 2021.

Price/book ratio can be defined as