• Colgate-Palmolive average price/book ratio for 2023 was 136.51, a 67.27% increase from 2022.
• Colgate-Palmolive average price/book ratio for 2022 was 81.61, a 11.35% increase from 2021.
• Colgate-Palmolive average price/book ratio for 2021 was 73.29, a 14.81% increase from 2020.

Price/book ratio can be defined as