• Murphy USA average price/book ratio for 2023 was 8.53, a 11.8% increase from 2022.
• Murphy USA average price/book ratio for 2022 was 7.63, a 48.44% increase from 2021.
• Murphy USA average price/book ratio for 2021 was 5.14, a 35.62% increase from 2020.

Price/book ratio can be defined as