• Pembina Pipeline average price/book ratio for 2023 was 1.41, a 0.71% increase from 2022.
• Pembina Pipeline average price/book ratio for 2022 was 1.4, a 15.7% increase from 2021.
• Pembina Pipeline average price/book ratio for 2021 was 1.21, a 55.13% increase from 2020.

Price/book ratio can be defined as