• 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.
• Air Lease average price/book ratio for 2021 was 0.71, a 26.79% decline from 2020.

Price/book ratio can be defined as