• Okta average price/book ratio for 2024 was 2.39, a 14.35% increase from 2023.
• Okta average price/book ratio for 2023 was 2.09, a 36.67% increase from 2022.
• Okta average price/book ratio for 2022 was 3.3, a 88.42% decline from 2021.

Price/book ratio can be defined as