• Phillips 66 average price/book ratio for 2024 was 1.85, a 27.59% decline from 2023.
• Phillips 66 average price/book ratio for 2023 was 1.45, a 6.62% increase from 2022.
• Phillips 66 average price/book ratio for 2022 was 1.36, a 3.55% increase from 2021.

Price/book ratio can be defined as