• NewJersey Resources average price/book ratio for 2023 was 2.15, a 1.83% increase from 2022.
• NewJersey Resources average price/book ratio for 2022 was 2.19, a 12.31% decline from 2021.
• NewJersey Resources average price/book ratio for 2021 was 1.95, a 29.14% increase from 2020.

Price/book ratio can be defined as