• Cameco average price/book ratio for 2023 was 3.38, a 33.6% increase from 2022.
• Cameco average price/book ratio for 2022 was 2.53, a 26.5% increase from 2021.
• Cameco average price/book ratio for 2021 was 2, a 80.18% increase from 2020.

Price/book ratio can be defined as