SEO issue with versioned documentation

[MilanKovacic]

Product

Hot Chocolate

Version

/

Link to minimal reproduction

/

Steps to reproduce

1. Search for any Hot Chocolate (or other product) documentation term on Google, such as "hot chocolate security"
2. Observe the ranking of URLs

What is expected?

Results from latest version of documentation are prioritised, and old versions of documentation are deindexed.

What is actually happening?

Google prioritizes older versions of documentation

Relevant log output

Additional context

Similar discussion: https://webmasters.stackexchange.com/questions/109113/versioned-pages-making-sure-google-points-to-the-current