• AutoNation average price/book ratio for 2023 was 3.09, a 22.62% decline from 2022.
• AutoNation average price/book ratio for 2022 was 2.52, a 10.32% increase from 2021.
• AutoNation average price/book ratio for 2021 was 2.81, a 121.26% decline from 2020.

Price/book ratio can be defined as