As of the most recent data point on 2025-10-31 (Q3'26), Dell's P/B Ratio stands at -34.961. This negative value indicates that the company's market value is significantly below its book value, which can be a signal of market pessimism or underlying balance sheet concerns. Over the period from Q1'24 (2023-05-05) to Q3'26 (2025-10-31), the P/B Ratio has remained consistently negative, with notable volatility. The ratio reached its lowest point at -46.551 in Q4'25 (2025-01-31), followed by a partial recovery to -25.423 in Q1'26 (2025-05-02), before declining again. The overall trend reflects persistent negative sentiment, with sharp fluctuations suggesting ongoing instability in Dell's valuation relative to its book value during this timeframe.