• Qualys average price/book ratio for 2023 was 18.03, a 31.89% decline from 2022.
• Qualys average price/book ratio for 2022 was 13.67, a 26.11% increase from 2021.
• Qualys average price/book ratio for 2021 was 10.84, a 7.75% increase from 2020.

Price/book ratio can be defined as