• Credit Acceptance average price/book ratio for 2023 was 3.55, a 10.35% decline from 2022.
• Credit Acceptance average price/book ratio for 2022 was 3.96, a 3.39% decline from 2021.
• Credit Acceptance average price/book ratio for 2021 was 3.83, a 38.77% increase from 2020.

Price/book ratio can be defined as