• Antero Midstream average price/book ratio for 2023 was 2.59, a 22.75% increase from 2022.
• Antero Midstream average price/book ratio for 2022 was 2.11, a 14.67% increase from 2021.
• Antero Midstream average price/book ratio for 2021 was 1.84, a 135.9% increase from 2020.

Price/book ratio can be defined as