• Garmin average price/book ratio for 2024 was 4.28, a 35.44% increase from 2023.
• Garmin average price/book ratio for 2023 was 3.16, a 8.22% increase from 2022.
• Garmin average price/book ratio for 2022 was 2.92, a 32.72% increase from 2021.

Price/book ratio can be defined as