• Group 1 Automotive average price/book ratio for 2023 was 1.44, a 19.01% increase from 2022.
• Group 1 Automotive average price/book ratio for 2022 was 1.21, a 29.65% increase from 2021.
• Group 1 Automotive average price/book ratio for 2021 was 1.72, a 56.36% decline from 2020.

Price/book ratio can be defined as