As of Q1'26 (2025-12-31), Visa's P/B Ratio stands at 17.56, marking the highest point in the observed period. This latest data point reflects a continued upward trajectory from the previous quarter's value of 16.43. From Q2'23 to Q1'26, the P/B Ratio generally exhibits a strong growth trend, rising from 12.20 to 17.56. While there is a slight dip in Q3'24 to 12.17, the ratio quickly rebounds and accelerates, particularly from Q4'24 onward. This suggests increasing investor confidence and valuation relative to Visa's book value over the nearly three-year period.