• Equinor average price/book ratio for 2024 was 1.52, a 20.83% increase from 2023.
• Equinor average price/book ratio for 2023 was 1.92, a 7.25% decline from 2022.
• Equinor average price/book ratio for 2022 was 2.07, a 3.72% decline from 2021.

Price/book ratio can be defined as