• Phillips 66 average price/book ratio for 2024 was 1.87, a 28.08% decline from 2023.
• Phillips 66 average price/book ratio for 2023 was 1.46, a 6.57% increase from 2022.
• Phillips 66 average price/book ratio for 2022 was 1.37, a 3.52% increase from 2021.

Price/book ratio can be defined as