• Tesla average price/book ratio for 2023 was 14.16, a 29.13% increase from 2022.
• Tesla average price/book ratio for 2022 was 19.98, a 31.2% decline from 2021.
• Tesla average price/book ratio for 2021 was 29.04, a 41.94% decline from 2020.

Price/book ratio can be defined as