• Air Lease average price/book ratio for 2024 was 0.72, a 12.5% decline from 2023.
• Air Lease average price/book ratio for 2023 was 0.64, a 4.92% increase from 2022.
• Air Lease average price/book ratio for 2022 was 0.61, a 14.08% increase from 2021.

Price/book ratio can be defined as