• Baker Hughes average price/book ratio for 2024 was 2.22, a 7.25% increase from 2023.
• Baker Hughes average price/book ratio for 2023 was 2.07, a 13.74% increase from 2022.
• Baker Hughes average price/book ratio for 2022 was 1.82, a 40% increase from 2021.

Price/book ratio can be defined as