As of Q4'26 (2026-01-31), SNOW's Price-to-Book (P/B) Ratio stands at 32.67, marking a significant increase compared to previous quarters. This latest data point reflects a continued upward trajectory in valuation multiples for the company. Over the period from Q1'24 (2023-04-30) to Q4'26 (2026-01-31), the P/B Ratio has shown notable volatility, with values initially fluctuating between 9.27 and 12.42 before a sharp acceleration beginning in Q3'25. The ratio more than tripled from 9.27 in Q2'25 to 36.71 in Q3'26, indicating a substantial re-rating by the market. This trend suggests increasing investor confidence or heightened expectations for SNOW, especially in the most recent fiscal year.