As of Q4'25, SIRI's Price-to-Book (P/B) Ratio stands at 0.58, marking a continuation of positive values since Q3'24 after an extended period of negative ratios. This latest figure reflects a stabilization in the company's valuation relative to its book value over the most recent quarters. From Q1'23 to Q2'24, the P/B Ratio was consistently negative, reaching a low of -7.84 in Q4'23, indicating the market valued the company below its book value during that period. However, starting in Q3'24, the ratio turned positive and has remained above zero through Q4'25, suggesting a significant shift in market sentiment and a potential improvement in the company's perceived financial health. The overall trend from Q1'23 to Q4'25 shows a notable recovery and stabilization in SIRI's P/B Ratio.