• Fortis average price/book ratio for 2024 was 1.1, a 1.85% increase from 2023.
• Fortis average price/book ratio for 2023 was 1.08, a 0.92% increase from 2022.
• Fortis average price/book ratio for 2022 was 1.09, a 1.8% decline from 2021.

Price/book ratio can be defined as