• MongoDB average price/book ratio for 2024 was 18.86, a 25.57% decline from 2023.
• MongoDB average price/book ratio for 2023 was 25.34, a 20.51% decline from 2022.
• MongoDB average price/book ratio for 2022 was 31.88, a 45.44% decline from 2021.

Price/book ratio can be defined as