• Westlake average price/book ratio for 2024 was 1.62, a 14.08% decline from 2023.
• Westlake average price/book ratio for 2023 was 1.42, a 10.94% increase from 2022.
• Westlake average price/book ratio for 2022 was 1.28, a 12.93% increase from 2021.

Price/book ratio can be defined as