• BP average price/book ratio for 2024 was 1.13, a 1.74% decline from 2023.
• BP average price/book ratio for 2023 was 1.15, a 5.5% decline from 2022.
• BP average price/book ratio for 2022 was 1.09, a 31.33% increase from 2021.

Price/book ratio can be defined as