As of Q3'26 (2026-01-31), the latest P/B Ratio for AI stands at 2.12, marking the lowest point in the observed period. This represents a continued decline from the previous quarter's value of 2.92. Over the period from Q4'23 (2023-04-30) to Q3'26 (2026-01-31), the P/B Ratio has shown significant volatility, peaking at 6.27 in Q2'25 before entering a downward trend. After several fluctuations, the ratio has consistently decreased over the last four quarters, indicating a notable compression in valuation relative to book value.