As of Q4'25, Amazon's P/B Ratio stands at 6.01, marking the lowest point in the period covered by the chart. This latest value represents a continued decline from the recent peak of 8.84 observed in Q4'23. Over the period from Q1'23 to Q4'25, the P/B Ratio for Amazon has exhibited moderate volatility, with notable peaks in Q2'23 (8.54) and Q4'23 (8.84), followed by a general downward trend through 2024 and into 2025. After reaching a high in late 2023, the ratio has steadily decreased, indicating a contraction in market valuation relative to book value. This trend may reflect changing investor sentiment or shifts in the company's underlying fundamentals during this timeframe.