• Tesla average price/book ratio for 2024 was 11.89, a 16.03% increase from 2023.
• Tesla average price/book ratio for 2023 was 14.16, a 29.13% decline from 2022.
• Tesla average price/book ratio for 2022 was 19.98, a 31.2% decline from 2021.

Price/book ratio can be defined as