• Lucid average price/book ratio for 2024 was 2.18, a 21.3% decline from 2023.
• Lucid average price/book ratio for 2023 was 2.77, a 61.69% decline from 2022.
• Lucid average price/book ratio for 2022 was 7.23, a 41.31% decline from 2021.

Price/book ratio can be defined as