• Avangrid average price/book ratio for 2023 was 0.63, a 19.23% increase from 2022.
• Avangrid average price/book ratio for 2022 was 0.78, a 9.3% decline from 2021.
• Avangrid average price/book ratio for 2021 was 0.86, a 14.67% decline from 2020.

Price/book ratio can be defined as