• Woodward average price/book ratio for 2024 was 4.48, a 32.54% decline from 2023.
• Woodward average price/book ratio for 2023 was 3.38, a 13.8% increase from 2022.
• Woodward average price/book ratio for 2022 was 2.97, a 9.45% increase from 2021.

Price/book ratio can be defined as