• Gentex average price/book ratio for 2023 was 3.15, a 2.61% decline from 2022.
• Gentex average price/book ratio for 2022 was 3.07, a 23.63% increase from 2021.
• Gentex average price/book ratio for 2021 was 4.02, a 22.56% decline from 2020.

Price/book ratio can be defined as