• Williams average price/book ratio for 2023 was 2.65, a 6% increase from 2022.
• Williams average price/book ratio for 2022 was 2.5, a 32.98% increase from 2021.
• Williams average price/book ratio for 2021 was 1.88, a 57.98% increase from 2020.

Price/book ratio can be defined as