• Gentex average price/book ratio for 2023 was 3.14, a 2.61% decline from 2022.
• Gentex average price/book ratio for 2022 was 3.06, a 23.5% increase from 2021.
• Gentex average price/book ratio for 2021 was 4, a 22.32% decline from 2020.

Price/book ratio can be defined as