• Toyota average price/book ratio for 2023 was 0.99, a 8.79% decline from 2022.
• Toyota average price/book ratio for 2022 was 0.91, a 54.5% increase from 2021.
• Toyota average price/book ratio for 2021 was 2, a 129.89% decline from 2020.

Price/book ratio can be defined as