• Exxon average price/book ratio for 2023 was 2.01, a 8.06% decline from 2022.
• Exxon average price/book ratio for 2022 was 1.86, a 38.81% increase from 2021.
• Exxon average price/book ratio for 2021 was 1.34, a 74.03% increase from 2020.

Price/book ratio can be defined as