• Southwest Gas average price/book ratio for 2024 was 1.43, a 11.72% decline from 2023.
• Southwest Gas average price/book ratio for 2023 was 1.28, a 4.48% increase from 2022.
• Southwest Gas average price/book ratio for 2022 was 1.34, a 8.06% decline from 2021.

Price/book ratio can be defined as