The ancient historians and at their turn, a large number of modern historians have severely criticized the forth sovereign of Hellenistic Egypt, Ptolemy IV Philopator and beyond the historic figure, they based their judgment on the facts of his reign. This situation is, in large part, the result of the tradition transmitted by Polybius and taken over by his successors. Nevertheless, this very negative perspective has been looked at differently during the last forty years due to reviewing the sources and reanalyzing the facts (some of which were unknown to the historians of the first half of the 20th century). This article aims to make a point in this matter.