• Stantec average price/book ratio for 2024 was 4.47, a 10.64% decline from 2023.
• Stantec average price/book ratio for 2023 was 4.04, a 31.17% increase from 2022.
• Stantec average price/book ratio for 2022 was 3.08, a 5.81% increase from 2021.

Price/book ratio can be defined as