As of Q3'25, the latest P/B Ratio for O stands at 1.322. This represents a slight decrease from the previous quarter's value of 1.333, indicating a modest contraction in valuation on a price-to-book basis. Over the period from Q1'23 to Q3'25, the P/B Ratio has shown moderate volatility, with values fluctuating between a high of 1.425 in Q1'23 and a low of 1.159 in Q3'23. After a notable dip in Q3'23, the ratio rebounded and generally stabilized within the 1.2 to 1.3 range, suggesting a period of relative valuation consistency for O in recent quarters.