• Lennar average price/book ratio for 2024 was 1.68, a 36.59% decline from 2023.
• Lennar average price/book ratio for 2023 was 1.23, a 16.04% increase from 2022.
• Lennar average price/book ratio for 2022 was 1.06, a 26.39% increase from 2021.

Price/book ratio can be defined as