• Cabot average price/book ratio for 2023 was 3.02, a 9.04% increase from 2022.
• Cabot average price/book ratio for 2022 was 3.32, a 16.9% decline from 2021.
• Cabot average price/book ratio for 2021 was 2.84, a 44.16% increase from 2020.

Price/book ratio can be defined as