The ratio of a circle's diameter to circumference merited its very own greek letter, Pi.
I have been wondering if there is such a similar, or important, ratio in a rectangle, i.e. its diagonal to perimeter?
Would I be right in guessing that it's because it's not a single value, but a more complex formula involving trigonometry? Or perhaps not a widely used one?
Many thanks in advance.


You can see with a couple examples that there is no such "rectangle $\pi$" - or more precisely, that different rectangles can have different perimeter/diagonal ratios.
First, consider a square. By the Pythagorean theorem we know that the perimeter/diagonal ratio of a square is just ${4\over \sqrt{2}}=2\sqrt{2}.$
Now consider a "really really thin" rectangle - e.g. a rectangle of length $1$ and height $\epsilon$ for some very small positive $\epsilon$. The length of a diagonal is "basically" $1$ and the perimeter is "basically" $2$, so we get a perimeter/diagonal ratio of "basically" $2$. Of course that's not immediately rigorous, but it should still be pretty convincing - and you can now verify it by e.g. seeing what happens if we set $\epsilon={1\over 2}$.
That said, any two similar rectangles will share the same perimeter/diagonal ratio. For example, "$\pi$ for squares" makes sense and is $2\sqrt{2}$, per the above.
Note that any two circles are automatically similar to each other. The picture becomes nicer if we think of the analogy $$\mbox{circles:ellipses::squares:rectangles.}$$ Just as with rectangles, we can find ellipses with different perimeter/"maximal-diameter" ratios - but any two similar ellipses (e.g. two circles) will have the same ratio.