As of Q4'25, VRT's P/B Ratio stands at 15.72, reflecting a decrease from the previous quarter's 18.70. This latest data point indicates a moderate contraction in valuation relative to book value at the end of the period. From Q1'23 to Q4'25, the P/B Ratio for VRT has exhibited significant volatility, rising sharply from 3.65 in Q1'23 to a peak of 25.12 in Q1'24, before fluctuating between 11.15 and 23.21 in subsequent quarters. The trend highlights a period of rapid expansion in valuation through 2023 and early 2024, followed by alternating quarters of decline and recovery, suggesting shifting market sentiment and possible changes in underlying fundamentals over the observed time frame.