• GATX average price/book ratio for 2023 was 1.86, a 7.51% increase from 2022.
• GATX average price/book ratio for 2022 was 1.73, a 9.49% increase from 2021.
• GATX average price/book ratio for 2021 was 1.58, a 37.39% increase from 2020.

Price/book ratio can be defined as