• Equinor average price/book ratio for 2024 was 1.5, a 11.24% decline from 2023.
• Equinor average price/book ratio for 2023 was 1.69, a 1.2% decline from 2022.
• Equinor average price/book ratio for 2022 was 1.67, a 1.76% increase from 2021.

Price/book ratio can be defined as