• Plains All American Pipeline average price/book ratio for 2023 was 0.67, a 36.73% increase from 2022.
• Plains All American Pipeline average price/book ratio for 2022 was 0.49, a 9.26% increase from 2021.
• Plains All American Pipeline average price/book ratio for 2021 was 0.54, a 42.11% decline from 2020.

Price/book ratio can be defined as