• Phillips 66 average price/book ratio for 2023 was 1.49, a 6.43% increase from 2022.
• Phillips 66 average price/book ratio for 2022 was 1.4, a 2.78% increase from 2021.
• Phillips 66 average price/book ratio for 2021 was 1.44, a 42.57% decline from 2020.

Price/book ratio can be defined as