• Trex average price/book ratio for 2023 was 10.78, a 15.42% decline from 2022.
• Trex average price/book ratio for 2022 was 9.34, a 49.4% increase from 2021.
• Trex average price/book ratio for 2021 was 18.46, a 29.45% decline from 2020.

Price/book ratio can be defined as