• Lithia Motors average price/book ratio for 2023 was 1.34, a 4.29% decline from 2022.
• Lithia Motors average price/book ratio for 2022 was 1.4, a 43.78% decline from 2021.
• Lithia Motors average price/book ratio for 2021 was 2.49, a 7.33% decline from 2020.

Price/book ratio can be defined as