• Phillips 66 average price/book ratio for 2023 was 1.47, a 5.76% increase from 2022.
• Phillips 66 average price/book ratio for 2022 was 1.39, a 2.8% increase from 2021.
• Phillips 66 average price/book ratio for 2021 was 1.43, a 43% decline from 2020.

Price/book ratio can be defined as