• Cactus average price/book ratio for 2023 was 3.56, a 32.45% increase from 2022.
• Cactus average price/book ratio for 2022 was 5.27, a 15.82% decline from 2021.
• Cactus average price/book ratio for 2021 was 4.55, a 77.73% increase from 2020.

Price/book ratio can be defined as