• Landstar System average price/book ratio for 2024 was 6.6, a 0.15% decline from 2023.
• Landstar System average price/book ratio for 2023 was 6.61, a 8.9% decline from 2022.
• Landstar System average price/book ratio for 2022 was 6.07, a 14.51% increase from 2021.

Price/book ratio can be defined as