• 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.
• Zscaler average price/book ratio for 2021 was 62.65, a 106.36% decline from 2020.

Price/book ratio can be defined as