In the latest reported period of Q1'26, the P/B Ratio for CELH reached 7.002. This represents the lowest valuation multiple recorded within the observed timeframe. From Q2'23 to Q1'26, the P/B Ratio has exhibited a consistent and significant downward trend, declining from a peak of 84.106. While there were minor fluctuations and brief rebounds in Q4'23 and Q1'25, the overall trajectory indicates a substantial compression in the company's market-to-book valuation over the past twelve quarters.