• Stantec average price/book ratio for 2023 was 4.05, a 31.49% increase from 2022.
• Stantec average price/book ratio for 2022 was 3.08, a 5.81% increase from 2021.
• Stantec average price/book ratio for 2021 was 3.27, a 52.09% decline from 2020.

Price/book ratio can be defined as