• Toyota average price/book ratio for 2024 was 1.27, a 29.59% decline from 2023.
• Toyota average price/book ratio for 2023 was 0.98, a 8.89% increase from 2022.
• Toyota average price/book ratio for 2022 was 0.9, a 54.31% increase from 2021.

Price/book ratio can be defined as