• Enphase Energy average price/book ratio for 2024 was 16.49, a 24.63% decline from 2023.
• Enphase Energy average price/book ratio for 2023 was 21.88, a 64.49% decline from 2022.
• Enphase Energy average price/book ratio for 2022 was 61.62, a 53.59% decline from 2021.

Price/book ratio can be defined as