• Summit Materials average price/book ratio for 2023 was 1.87, a 13.33% increase from 2022.
• Summit Materials average price/book ratio for 2022 was 1.65, a 27.95% increase from 2021.
• Summit Materials average price/book ratio for 2021 was 2.29, a 78.91% decline from 2020.

Price/book ratio can be defined as