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The latest data point for ABNB's EV/Sales ratio, as of Q1'26, stands at 25.57, reflecting a moderate increase from the previous quarter's value of 23.77 in Q4'25 and indicating a stabilization after a period of fluctuation. Over the period from Q2'23 to Q1'26, the EV/Sales ratio has exhibited high volatility, starting at 34.44 in Q2'23, dropping sharply to 21.06 in Q3'23, peaking at 44.75 in Q1'24, and then declining to a low of 16.77 in Q3'25 before recovering to the current level. This pattern suggests inconsistent market valuation relative to sales, with notable inflection points around Q1'24 (peak) and Q3'25 (trough), potentially driven by external factors affecting investor sentiment; overall, the trend shows no clear long-term direction but highlights periods of overvaluation followed by corrections.