• Imperial Oil average price/book ratio for 2024 was 2.1, a 20% increase from 2023.
• Imperial Oil average price/book ratio for 2023 was 1.75, a 9.38% increase from 2022.
• Imperial Oil average price/book ratio for 2022 was 1.6, a 37.93% increase from 2021.

Price/book ratio can be defined as