• Copart average price/book ratio for 2023 was 6.61, a 2.01% increase from 2022.
• Copart average price/book ratio for 2022 was 6.48, a 30.77% increase from 2021.
• Copart average price/book ratio for 2021 was 9.36, a 1.06% decline from 2020.

Price/book ratio can be defined as