The latest data point for OXY's P/B Ratio in Q4'25 stands at 1.289, reflecting a modest rebound from the prior quarter's low of 1.136 in Q3'25, yet remaining below the series average and indicating ongoing valuation pressures in the energy sector. Over the period from Q2'23 to Q4'25, the P/B Ratio has exhibited a clear downward trend, declining from a high of 1.868 in Q2'23 to a low of 1.106 in Q1'25, with intermittent fluctuations such as a brief uptick to 1.872 in Q1'24 before resuming its descent. This overall contraction suggests diminishing market perceptions of OXY's book value relative to its stock price, potentially driven by sector-specific challenges, though the recent stabilization around 1.1-1.3 points to possible bottoming out. No data is available for Q1'26.