• Docusign average price/book ratio for 2023 was 13.58, a 71.33% decline from 2022.
• Docusign average price/book ratio for 2022 was 47.37, a 76.96% decline from 2021.
• Docusign average price/book ratio for 2021 was 205.6, a 255.52% decline from 2020.

Price/book ratio can be defined as