• Pegasystems average price/book ratio for 2023 was 21.82, a 18.64% decline from 2022.
• Pegasystems average price/book ratio for 2022 was 26.82, a 26.09% decline from 2021.
• Pegasystems average price/book ratio for 2021 was 21.27, a 36% increase from 2020.

Price/book ratio can be defined as