As of Q3'25, GEV's latest P/B Ratio stands at 18.075, reflecting a significant increase compared to previous quarters. This value marks a substantial rise from Q2'25, when the ratio was 19.29, and is notably higher than the 10.833 recorded in Q4'24. Over the period from Q1'23 to Q3'25, the P/B Ratio for GEV has demonstrated a strong upward trend, particularly accelerating from Q2'24 onwards. After a relatively stable phase between Q1'23 (3.10) and Q1'24 (4.70), the ratio began to climb sharply, nearly doubling between Q4'24 (10.83) and Q2'25 (19.29). This pattern indicates increasing investor optimism or a significant appreciation in the company's market value relative to its book value during this timeframe.