• Canadian Natural Resources average price/book ratio for 2023 was 2.14, a 16.94% increase from 2022.
• Canadian Natural Resources average price/book ratio for 2022 was 1.83, a 40.77% increase from 2021.
• Canadian Natural Resources average price/book ratio for 2021 was 1.3, a 83.1% increase from 2020.

Price/book ratio can be defined as