• Hess average price/book ratio for 2023 was 4.69, a 6.11% decline from 2022.
• Hess average price/book ratio for 2022 was 4.42, a 26.29% increase from 2021.
• Hess average price/book ratio for 2021 was 3.5, a 89.19% increase from 2020.

Price/book ratio can be defined as