As of Q4'25, TSM's P/B Ratio stands at 9.14, marking the highest value in the period covered by the chart. This latest data point reflects a continued upward trajectory from the previous quarter, where the P/B Ratio was 9.06. From Q1'23 to Q4'25, TSM's P/B Ratio has shown a strong overall growth trend, rising from 4.33 to 9.14. The increase was particularly notable between Q4'23 and Q2'24, where the ratio jumped from 6.21 to 7.46, and again from Q1'25 to Q3'25, moving from 6.67 to 9.06. Although there were minor fluctuations, such as a dip in Q4'24 and Q1'25, the general pattern is one of sustained growth, indicating increasing market valuation relative to book value over this period.