• Imperial Oil average price/book ratio for 2023 was 1.76, a 9.32% increase from 2022.
• Imperial Oil average price/book ratio for 2022 was 1.61, a 38.79% increase from 2021.
• Imperial Oil average price/book ratio for 2021 was 1.16, a 100% increase from 2020.

Price/book ratio can be defined as