• NOV average price/book ratio for 2024 was 1.1, a 14.73% decline from 2023.
• NOV average price/book ratio for 2023 was 1.29, a 7.19% decline from 2022.
• NOV average price/book ratio for 2022 was 1.39, a 36.27% decline from 2021.

Price/book ratio can be defined as