• Toyota average price/book ratio for 2024 was 1.24, a 30.53% decline from 2023.
• Toyota average price/book ratio for 2023 was 0.95, a 9.2% increase from 2022.
• Toyota average price/book ratio for 2022 was 0.87, a 54.45% increase from 2021.

Price/book ratio can be defined as