• Lyft average price/book ratio for 2024 was 11.32, a 17.06% decline from 2023.
• Lyft average price/book ratio for 2023 was 9.67, a 16.79% increase from 2022.
• Lyft average price/book ratio for 2022 was 8.28, a 37.41% increase from 2021.

Price/book ratio can be defined as