• Genuine Parts average price/book ratio for 2023 was 5.12, a 3.58% decline from 2022.
• Genuine Parts average price/book ratio for 2022 was 5.31, a 5.36% decline from 2021.
• Genuine Parts average price/book ratio for 2021 was 5.04, a 37.33% increase from 2020.

Price/book ratio can be defined as