• MasTec average price/book ratio for 2023 was 2.64, a 15.28% increase from 2022.
• MasTec average price/book ratio for 2022 was 2.29, a 27.07% increase from 2021.
• MasTec average price/book ratio for 2021 was 3.14, a 67.02% decline from 2020.

Price/book ratio can be defined as