The latest data point for Verizon (VZ) shows a P/B Ratio of 1.945 in Q1'26. This represents a slight decrease from the Q4'25 value of 1.976, which marked the peak valuation multiple within the observed period. From Q2'23 to Q1'26, the P/B Ratio exhibited an overall upward trend, characterized by moderate volatility and a significant upward shift starting in Q4'23. While the ratio remained relatively stable between 1.719 and 1.808 throughout 2024 and mid-2025, a notable spike occurred in Q4'25, reflecting a higher market valuation relative to the company's book value compared to the initial levels seen in 2023.