• Southwest Gas average price/book ratio for 2023 was 1.29, a 5.15% increase from 2022.
• Southwest Gas average price/book ratio for 2022 was 1.36, a 8.8% decline from 2021.
• Southwest Gas average price/book ratio for 2021 was 1.25, a 3.31% increase from 2020.

Price/book ratio can be defined as