• Valero Energy average price/book ratio for 2023 was 1.6, a 9.09% decline from 2022.
• Valero Energy average price/book ratio for 2022 was 1.76, a 22.22% decline from 2021.
• Valero Energy average price/book ratio for 2021 was 1.44, a 61.8% increase from 2020.

Price/book ratio can be defined as