• Herc Holdings average price/book ratio for 2023 was 3.11, a 6.04% increase from 2022.
• Herc Holdings average price/book ratio for 2022 was 3.31, a 22.48% decline from 2021.
• Herc Holdings average price/book ratio for 2021 was 4.27, a 168.55% decline from 2020.

Price/book ratio can be defined as