As of Q3'25, Tesla's P/B Ratio stands at 18.672, marking the highest value observed in the provided time series. This latest data point reflects a significant increase compared to the previous quarter, where the ratio was 12.737. From Q1'23 to Q3'25, the P/B Ratio has exhibited notable volatility, with sharp rises and declines. After peaking at 16.702 in Q2'23, the ratio dropped to a low of 8.032 in Q1'24, followed by a strong upward trend, especially from Q2'24 onward. The data suggests a recent acceleration in valuation multiples, highlighting increased investor optimism or changing market dynamics for Tesla in the most recent quarters.