• Cloudflare average price/book ratio for 2023 was 33.11, a 14.42% increase from 2022.
• Cloudflare average price/book ratio for 2022 was 38.69, a 5.24% decline from 2021.
• Cloudflare average price/book ratio for 2021 was 40.83, a 114.56% decline from 2020.

Price/book ratio can be defined as