• Twilio average price/book ratio for 2024 was 1.38, a 14.05% increase from 2023.
• Twilio average price/book ratio for 2023 was 1.21, a 22.44% increase from 2022.
• Twilio average price/book ratio for 2022 was 1.56, a 71.11% decline from 2021.

Price/book ratio can be defined as