• Magna average price/book ratio for 2023 was 1.3, a 0% decline from 2022.
• Magna average price/book ratio for 2022 was 1.3, a 30.48% decline from 2021.
• Magna average price/book ratio for 2021 was 1.87, a 57.14% decline from 2020.

Price/book ratio can be defined as