• Workday average price/book ratio for 2024 was 7.96, a 8.72% decline from 2023.
• Workday average price/book ratio for 2023 was 8.72, a 13.06% decline from 2022.
• Workday average price/book ratio for 2022 was 10.03, a 40.08% decline from 2021.

Price/book ratio can be defined as