• Pegasystems average price/book ratio for 2024 was 13.22, a 39.44% decline from 2023.
• Pegasystems average price/book ratio for 2023 was 21.83, a 18.73% decline from 2022.
• Pegasystems average price/book ratio for 2022 was 26.86, a 25.93% decline from 2021.

Price/book ratio can be defined as