• Lithia Motors average price/book ratio for 2024 was 1.2, a 10.45% increase from 2023.
• Lithia Motors average price/book ratio for 2023 was 1.34, a 3.6% decline from 2022.
• Lithia Motors average price/book ratio for 2022 was 1.39, a 43.95% decline from 2021.

Price/book ratio can be defined as