• Watts Water Technologies average price/book ratio for 2023 was 4.24, a 17.13% decline from 2022.
• Watts Water Technologies average price/book ratio for 2022 was 3.62, a 20.26% increase from 2021.
• Watts Water Technologies average price/book ratio for 2021 was 4.54, a 45.51% decline from 2020.

Price/book ratio can be defined as