• Gentex average price/book ratio for 2024 was 3.01, a 3.83% decline from 2023.
• Gentex average price/book ratio for 2023 was 3.13, a 2.96% decline from 2022.
• Gentex average price/book ratio for 2022 was 3.04, a 23.81% increase from 2021.

Price/book ratio can be defined as