• ChampionX average price/book ratio for 2023 was 3.5, a 33.08% decline from 2022.
• ChampionX average price/book ratio for 2022 was 2.63, a 0.77% increase from 2021.
• ChampionX average price/book ratio for 2021 was 2.61, a 103.91% increase from 2020.

Price/book ratio can be defined as