• Toyota average price/book ratio for 2024 was 1.27, a 30.93% decline from 2023.
• Toyota average price/book ratio for 2023 was 0.97, a 8.99% increase from 2022.
• Toyota average price/book ratio for 2022 was 0.89, a 54.36% increase from 2021.

Price/book ratio can be defined as