• General Motors average price/book ratio for 2023 was 0.65, a 9.72% increase from 2022.
• General Motors average price/book ratio for 2022 was 0.72, a 48.2% decline from 2021.
• General Motors average price/book ratio for 2021 was 1.39, a 61.63% decline from 2020.

Price/book ratio can be defined as