• Pegasystems average price/book ratio for 2023 was 21.81, a 18.62% decline from 2022.
• Pegasystems average price/book ratio for 2022 was 26.8, a 26.06% decline from 2021.
• Pegasystems average price/book ratio for 2021 was 21.26, a 36.02% increase from 2020.

Price/book ratio can be defined as