As of Q4'25, Texas Instruments (TXN) reports a P/B Ratio of 9.67, reflecting a slight decrease from the previous quarter's 9.41. This latest data point suggests a relatively stable valuation compared to recent quarters. From Q1'23 to Q4'25, the P/B Ratio for TXN has shown moderate volatility, ranging from a low of 7.74 in Q3'23 to a high of 10.66 in Q3'24. The ratio experienced a notable dip in Q3'23, followed by a recovery and a peak in Q3'24, before stabilizing near the 9.5–10.6 range in subsequent quarters. Overall, the trend indicates periods of both contraction and expansion, but with no sustained directional movement over the observed period.