• Hess average price/book ratio for 2024 was 4.01, a 14.13% decline from 2023.
• Hess average price/book ratio for 2023 was 4.67, a 5.9% decline from 2022.
• Hess average price/book ratio for 2022 was 4.41, a 26.72% increase from 2021.

Price/book ratio can be defined as