• BP average price/book ratio for 2023 was 1.17, a 6.36% decline from 2022.
• BP average price/book ratio for 2022 was 1.1, a 29.41% increase from 2021.
• BP average price/book ratio for 2021 was 0.85, a 19.72% increase from 2020.

Price/book ratio can be defined as