Step 1: Place the points.
Let $P(x,y)$ lie on $\dfrac{x^2}{a^2}+\dfrac{y^2}{b^2}=1$. The major axis is the $x$-axis with end vertices $A(-a,0)$ and $A'(a,0)$. Drop a perpendicular from $P$ to the axis, meeting it at $N(x,0)$.
Step 2: Read off the three lengths.
$PN$ is the vertical height, so $PN=y$. Also $AN=x-(-a)=x+a$ and $A'N=a-x$.
Step 3: Form the product $AN\cdot A'N$.
$AN\cdot A'N=(x+a)(a-x)=a^2-x^2$.
Step 4: Get $y^2$ from the ellipse.
From the ellipse equation, $\dfrac{y^2}{b^2}=1-\dfrac{x^2}{a^2}=\dfrac{a^2-x^2}{a^2}$, so $y^2=\dfrac{b^2}{a^2}(a^2-x^2)$.
Step 5: Form the required ratio.
$\dfrac{PN^2}{A'N\cdot AN}=\dfrac{y^2}{a^2-x^2}=\dfrac{\frac{b^2}{a^2}(a^2-x^2)}{a^2-x^2}$.
Step 6: Simplify.
The $(a^2-x^2)$ cancels, leaving $\dfrac{PN^2}{A'N\cdot AN}=\dfrac{b^2}{a^2}$. \[ \boxed{\dfrac{PN^2}{A'N\cdot AN}=\dfrac{b^2}{a^2}} \]