• 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.
• Workday average price/book ratio for 2021 was 16.74, a 6.9% decline from 2020.

Price/book ratio can be defined as