• 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.
• Lennar average price/book ratio for 2021 was 1.44, a 23.08% decline from 2020.

Price/book ratio can be defined as