• Xylem average price/book ratio for 2024 was 3.1, a 2.52% decline from 2023.
• Xylem average price/book ratio for 2023 was 3.18, a 34.02% decline from 2022.
• Xylem average price/book ratio for 2022 was 4.82, a 26.97% decline from 2021.

Price/book ratio can be defined as