• Zscaler average price/book ratio for 2024 was 25.41, a 13.6% decline from 2023.
• Zscaler average price/book ratio for 2023 was 29.41, a 44.39% decline from 2022.
• Zscaler average price/book ratio for 2022 was 52.89, a 15.58% decline from 2021.

Price/book ratio can be defined as