As of the latest data point for Q4'25, Verizon's P/B Ratio stands at 1.63, showing a slight decrease from the previous quarter's value of 1.61. This indicates a relatively stable valuation in the most recent period. Over the period from Q1'23 to Q4'25, the P/B Ratio for Verizon has exhibited moderate fluctuations, ranging from a low of 1.48 in Q3'23 to a high of 1.81 in Q3'24. The overall trend is relatively stable, with minor ups and downs but no significant long-term increase or decline, suggesting that the company's market valuation relative to its book value has remained consistent throughout the observed quarters.