• Cloudflare average price/book ratio for 2024 was 34.34, a 3.71% increase from 2023.
• 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.

Price/book ratio can be defined as