As of Q4'26 (2026-01-31), MDB's P/B Ratio stands at 10.22, reflecting a moderate valuation compared to previous quarters. This latest figure follows a recent upward movement from Q1'26 (5.38) and Q2'26 (8.17), indicating some recovery after a significant decline in earlier periods. Analyzing the trend from Q1'24 to Q4'26, the P/B Ratio experienced a sharp drop from 33.52 in Q1'24 to a low of 5.38 in Q1'26, highlighting a substantial contraction in valuation over this period. After reaching this low, the ratio rebounded, climbing to 11.33 in Q3'26 before settling slightly lower at 10.22 in Q4'26. Overall, the chart shows a pronounced downward trend with some volatility and partial recovery in the most recent quarters.