• Southwest Gas average price/book ratio for 2023 was 1.31, a 4.38% increase from 2022.
• Southwest Gas average price/book ratio for 2022 was 1.37, a 8.73% decline from 2021.
• Southwest Gas average price/book ratio for 2021 was 1.26, a 3.28% increase from 2020.

Price/book ratio can be defined as