As of Q2'26 (2026-01-24), CSCO's P/B Ratio stands at 6.18, marking the highest level observed in the provided timeframe. This latest data point reflects a continued upward movement from the previous quarter, where the ratio was 6.52 in Q1'26. Analyzing the trend from Q3'23 to Q2'26, the P/B Ratio initially declined from 5.19 in Q4'23 to a low of 4.13 in Q3'24, followed by a steady and significant increase over the subsequent quarters. The ratio has shown strong growth since Q4'24, rising from 4.31 to 6.18, indicating a notable shift in market valuation and investor sentiment towards CSCO over the last two years.