• Lear average price/book ratio for 2023 was 1.58, a 0.64% decline from 2022.
• Lear average price/book ratio for 2022 was 1.57, a 23.04% increase from 2021.
• Lear average price/book ratio for 2021 was 2.04, a 36% decline from 2020.

Price/book ratio can be defined as