As of Q4'25, GOOG's P/B Ratio stands at 9.1, marking the highest value in the observed period from Q1'23 to Q4'25. This latest data point reflects a significant increase compared to the previous quarter, where the ratio was 7.6. Over the period from Q1'23 to Q4'25, GOOG's P/B Ratio has shown an overall upward trend, rising from 5.1 to 9.1. The ratio experienced steady growth through 2023 and early 2024, peaking at 7.5 in Q2'24 before a brief dip and subsequent rebound. Notably, the sharpest increase occurred in the last two quarters, highlighting a period of accelerated valuation expansion.