• Lithia Motors average price/book ratio for 2023 was 1.34, a 3.6% increase from 2022.
• Lithia Motors average price/book ratio for 2022 was 1.39, a 43.95% decline from 2021.
• Lithia Motors average price/book ratio for 2021 was 2.48, a 7.36% decline from 2020.

Price/book ratio can be defined as