• Valero Energy average price/book ratio for 2023 was 1.59, a 9.14% increase from 2022.
• Valero Energy average price/book ratio for 2022 was 1.75, a 22.38% decline from 2021.
• Valero Energy average price/book ratio for 2021 was 1.43, a 62.5% increase from 2020.

Price/book ratio can be defined as