• Dayforce average price/book ratio for 2023 was 4.72, a 10.02% decline from 2022.
• Dayforce average price/book ratio for 2022 was 4.29, a 36.73% increase from 2021.
• Dayforce average price/book ratio for 2021 was 6.78, a 16.7% decline from 2020.

Price/book ratio can be defined as