• Baker Hughes average price/book ratio for 2024 was 2.21, a 7.28% decline from 2023.
• Baker Hughes average price/book ratio for 2023 was 2.06, a 13.81% increase from 2022.
• Baker Hughes average price/book ratio for 2022 was 1.81, a 40.31% increase from 2021.

Price/book ratio can be defined as