• Murphy USA average price/book ratio for 2024 was 11.64, a 36.46% decline from 2023.
• 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.

Price/book ratio can be defined as