As of Q4'25, ASML's P/B Ratio stands at 18.05, reflecting a moderate increase from the previous quarter's value of 17.71. This latest data point marks a recovery from the recent low of 12.81 observed in Q1'25. Over the period from Q1'23 to Q4'25, the P/B Ratio for ASML has exhibited significant volatility. After peaking at 25.14 in Q4'23, the ratio declined sharply to a low in early 2025 before rebounding in the subsequent quarters. The overall trend suggests a period of contraction in valuation through 2024, followed by a gradual recovery in 2025, indicating shifting investor sentiment and potential changes in the company's underlying fundamentals.