• Magna average price/book ratio for 2024 was 1.03, a 18.9% decline from 2023.
• Magna average price/book ratio for 2023 was 1.27, a 0.78% decline from 2022.
• Magna average price/book ratio for 2022 was 1.28, a 30.05% decline from 2021.

Price/book ratio can be defined as