• 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.
• Landstar System average price/book ratio for 2021 was 7.1, a 14.52% decline from 2020.

Price/book ratio can be defined as