As of Q3'26 (2026-01-31), CRDO's P/B Ratio stands at 11.96, reflecting a notable decrease from the previous quarter's value of 26.47. This latest data point marks a significant pullback after a period of elevated ratios. Over the period from Q4'23 to Q3'26, the P/B Ratio for CRDO has shown considerable volatility. The ratio remained relatively stable between 6.78 and 8.35 from Q4'23 through Q1'25, before surging sharply to 20.82 in Q2'25 and reaching a peak of 29.67 in Q1'26. Following this peak, the ratio declined substantially, indicating a possible normalization after a period of rapid valuation expansion.