• Trex average price/book ratio for 2024 was 10.19, a 5.47% decline from 2023.
• 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.

Price/book ratio can be defined as