• Lyft average price/book ratio for 2023 was 9.67, a 16.79% decline from 2022.
• Lyft average price/book ratio for 2022 was 8.28, a 37.41% increase from 2021.
• Lyft average price/book ratio for 2021 was 13.23, a 145.91% decline from 2020.

Price/book ratio can be defined as