• Penske Automotive average price/book ratio for 2023 was 2.25, a 30.81% decline from 2022.
• Penske Automotive average price/book ratio for 2022 was 1.72, a 2.27% increase from 2021.
• Penske Automotive average price/book ratio for 2021 was 1.76, a 66.04% decline from 2020.

Price/book ratio can be defined as