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CRNC P/B Ratio

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As of Q1'26, CRNC's P/B Ratio stands at 2.289, showing a moderate decrease from the previous quarter's 3.012. This latest value reflects a pullback after a period of heightened valuation, with the ratio remaining above the levels seen in early 2024. Over the period from Q2'23 to Q1'26, the P/B Ratio for CRNC exhibited significant volatility. After an initial decline from 1.322 in Q2'23 to a low of 0.482 in Q2'24, the ratio surged sharply, peaking at 4.56 in Q1'25. This was followed by a gradual normalization, with values stabilizing in the 2–3 range in subsequent quarters. The data highlights both sharp inflection points and a recent trend toward higher, but more stable, valuation multiples.