• Gentex average price/book ratio for 2024 was 3.16, a 0.64% decline from 2023.
• Gentex average price/book ratio for 2023 was 3.14, a 2.61% increase from 2022.
• Gentex average price/book ratio for 2022 was 3.06, a 23.5% increase from 2021.

Price/book ratio can be defined as