• National Fuel Gas average price/book ratio for 2024 was 1.73, a 12.34% increase from 2023.
• National Fuel Gas average price/book ratio for 2023 was 1.54, a 40.54% increase from 2022.
• National Fuel Gas average price/book ratio for 2022 was 2.59, a 16.67% decline from 2021.

Price/book ratio can be defined as