• 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.
• BP average price/book ratio for 2021 was 0.83, a 18.57% increase from 2020.

Price/book ratio can be defined as