The latest data point for ETN's P/B Ratio in Q1'26 stands at 7.02, reflecting a modest decline of 0.46 from the previous quarter's 7.48 in Q4'25, yet remaining above the 7.0 threshold observed in recent periods. Over the period from Q2'23 to Q1'26, the P/B Ratio exhibits an overall upward trend, starting at 4.87 and climbing to a peak of 7.79 in Q3'25 before a slight pullback. Key inflection points include a sharp rise from 4.52 in Q3'23 to 6.07 in Q4'23, followed by volatility with temporary dips such as 6.17 in Q2'24 and 6.16 in Q4'24, underscoring sustained growth amid periodic corrections in valuation multiples. This area chart highlights ETN's strengthening market perception relative to book value, with an average quarterly increase of approximately 0.2 points.