• Lennar average price/book ratio for 2023 was 1.11, a 21.98% increase from 2022.
• Lennar average price/book ratio for 2022 was 0.91, a 24.79% increase from 2021.
• Lennar average price/book ratio for 2021 was 1.21, a 26.04% decline from 2020.

Price/book ratio can be defined as