• 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.
• Enphase Energy average price/book ratio for 2021 was 40.12, a 59.27% increase from 2020.

Price/book ratio can be defined as