As of Q4'25, NU's P/B Ratio stands at 7.16, reflecting a moderate decrease from the previous quarter's value of 7.159. This latest data point suggests a stabilization following some volatility in the preceding quarters. From Q1'23 to Q3'24, the P/B Ratio exhibited a strong upward trend, rising from 5.507 to a peak of 9.834. However, after reaching this high in Q3'24, the ratio declined sharply to 6.061 by Q2'25 before recovering slightly in the subsequent quarters. Overall, the chart demonstrates a period of significant growth followed by a notable correction and recent stabilization, indicating changing market sentiment over the observed period.