As of Q1'26 (2025-12-27), Apple’s P/B Ratio stands at 45.72, reflecting a decrease from the previous quarter’s value of 54.18. This latest data point suggests a recent contraction in valuation relative to the company’s book value. Over the period from Q2'23 to Q1'26, the P/B Ratio has exhibited significant volatility, ranging from a low of 37.9 in Q2'24 to a peak of 59.17 in Q4'24. The ratio initially climbed from 43.92 in Q2'23 to 47.21 in Q3'23, then declined to 37.9 by Q2'24 before surging sharply to its high in Q4'24. Since then, the ratio has fluctuated, indicating periods of both expansion and contraction in market valuation relative to book value.