• Penske Automotive average price/book ratio for 2023 was 2.27, a 30.46% decline from 2022.
• Penske Automotive average price/book ratio for 2022 was 1.74, a 1.69% increase from 2021.
• Penske Automotive average price/book ratio for 2021 was 1.77, a 65.42% decline from 2020.

Price/book ratio can be defined as