• Exxon average price/book ratio for 2023 was 1.99, a 7.57% decline from 2022.
• Exxon average price/book ratio for 2022 was 1.85, a 39.1% increase from 2021.
• Exxon average price/book ratio for 2021 was 1.33, a 75% increase from 2020.

Price/book ratio can be defined as