As of Q4'25, LLY's P/E Ratio stands at 36.36, marking a significant decrease from its recent highs. The latest data point reflects a continued downward trend, with the P/E Ratio falling sharply from 43.36 in Q3'25 and 43.95 in Q2'25. Over the period from Q1'23 to Q4'25, the P/E Ratio exhibited considerable volatility, peaking at 135.25 in Q4'23 before entering a sustained decline. After reaching its highest level at the end of 2023, the ratio has steadily decreased throughout 2024 and 2025, indicating a normalization in valuation multiples following a period of elevated investor expectations.