• Wabtec average price/book ratio for 2024 was 2.7, a 41.36% increase from 2023.
• Wabtec average price/book ratio for 2023 was 1.91, a 18.63% increase from 2022.
• Wabtec average price/book ratio for 2022 was 1.61, a 5.23% increase from 2021.

Price/book ratio can be defined as