• Westlake average price/book ratio for 2024 was 1.73, a 20.98% decline from 2023.
• Westlake average price/book ratio for 2023 was 1.43, a 11.72% increase from 2022.
• Westlake average price/book ratio for 2022 was 1.28, a 13.51% increase from 2021.

Price/book ratio can be defined as