• Okta average price/book ratio for 2023 was 2.09, a 36.67% decline from 2022.
• Okta average price/book ratio for 2022 was 3.3, a 88.42% decline from 2021.
• Okta average price/book ratio for 2021 was 28.5, a 31.16% decline from 2020.

Price/book ratio can be defined as