• Jack Henry & Associates average price/book ratio for 2023 was 6.96, a 24.51% decline from 2022.
• Jack Henry & Associates average price/book ratio for 2022 was 9.22, a 6.34% decline from 2021.
• Jack Henry & Associates average price/book ratio for 2021 was 8.67, a 10.45% increase from 2020.

Price/book ratio can be defined as