• Salesforce average price/book ratio for 2023 was 3.45, a 8.83% increase from 2022.
• Salesforce average price/book ratio for 2022 was 3.17, a 34.5% increase from 2021.
• Salesforce average price/book ratio for 2021 was 4.84, a 2.98% decline from 2020.

Price/book ratio can be defined as