Welcome to the forum.
As for your question, it depends on the intended cutting application and the desired attributes. And of course, a big part of it is personal preference. For example, if the individual uses the knife at camp for woodcraft and wants a tough steel that is easy to sharpen, then good old O1 might his "ultimate" steel. However, if the individual uses the knife for breaking down cardboard and prefers a premium super steel with maximum edge retention, then S110V might be it.
So when you say "ultimate", what do you have in mind? What is the intended application of the knife? Do you want it to be tough, easy to sharpen, resistant to corrosion, resistant to abrasion, etc.? Or perhaps you're just wondering what the most popular super steels are at this time. Say more.