• Southern Copper average price/book ratio for 2023 was 7.22, a 43.54% increase from 2022.
• Southern Copper average price/book ratio for 2022 was 5.03, a 1.76% increase from 2021.
• Southern Copper average price/book ratio for 2021 was 5.12, a 28.64% decline from 2020.

Price/book ratio can be defined as