• Magna average price/book ratio for 2023 was 1.28, a 0.78% decline from 2022.
• Magna average price/book ratio for 2022 was 1.29, a 30.27% decline from 2021.
• Magna average price/book ratio for 2021 was 1.85, a 56.78% decline from 2020.

Price/book ratio can be defined as