• Ovintiv average price/book ratio for 2024 was 1.14, a 0% decline from 2023.
• Ovintiv average price/book ratio for 2023 was 1.14, a 41.54% decline from 2022.
• Ovintiv average price/book ratio for 2022 was 1.95, a 11.43% decline from 2021.

Price/book ratio can be defined as