• Garmin average price/book ratio for 2024 was 4.46, a 41.59% increase from 2023.
• Garmin average price/book ratio for 2023 was 3.15, a 8.25% increase from 2022.
• Garmin average price/book ratio for 2022 was 2.91, a 32.64% increase from 2021.

Price/book ratio can be defined as