• Atlassian average price/book ratio for 2024 was 43.21, a 37.6% increase from 2023.
• Atlassian average price/book ratio for 2023 was 69.25, a 34.05% decline from 2022.
• Atlassian average price/book ratio for 2022 was 105, a 52.09% decline from 2021.

Price/book ratio can be defined as