As of Q1'26, QCOM's P/B Ratio stands at 6.885, reflecting a decrease from the previous quarter's peak of 9.077 in Q4'25. This latest data point suggests a recent correction after a sharp uptick. Over the period from Q2'23 to Q1'26, the P/B Ratio has exhibited volatility, with notable fluctuations between 5.719 and 9.077. After a gradual rise from 6.381 in Q2'23 to a high of 8.171 in Q3'24, the ratio experienced a dip and then surged to its highest level in Q4'25 before retreating. This pattern indicates periods of both expansion and contraction in market valuation relative to book value, highlighting shifting investor sentiment across the observed quarters.