As of Q4'26 (2026-01-31), Workday's P/B Ratio stands at 5.88, marking the lowest point in the observed period. This latest figure reflects a continued decline from the previous quarter's value of 6.38. Over the period from Q1'24 (2023-04-30) to Q4'26, the P/B Ratio exhibited notable volatility, initially peaking at 9.42 in Q3'24 before entering a downward trend. After a brief recovery to 8.27 in Q2'25, the ratio resumed its decline, falling steadily across subsequent quarters and signaling a contraction in valuation multiples relative to book value.