• Chevron average price/book ratio for 2024 was 1.72, a 1.71% increase from 2023.
• Chevron average price/book ratio for 2023 was 1.75, a 2.78% decline from 2022.
• Chevron average price/book ratio for 2022 was 1.8, a 35.34% decline from 2021.

Price/book ratio can be defined as