• Cameco average price/book ratio for 2024 was 4.47, a 32.64% decline from 2023.
• Cameco average price/book ratio for 2023 was 3.37, a 33.2% increase from 2022.
• Cameco average price/book ratio for 2022 was 2.53, a 26.5% increase from 2021.

Price/book ratio can be defined as