In the latest reporting period of Q1'26, the P/B Ratio for APH stands at 12.53. This represents a slight decline from the peak value of 13.2 observed in the previous quarter of Q4'25. From Q2'23 to Q1'26, the P/B Ratio has demonstrated a significant overall upward trend, climbing from 6.95 to the current double-digit levels. The valuation experienced a notable acceleration starting in Q2'25, where the ratio surged from 8.91 to 13.08 within two quarters, reflecting a period of rapid expansion in the market's valuation relative to the company's book value. Following this period of aggressive growth, the trend appears to be stabilizing or slightly correcting as of the most recent fiscal period.