As of Q4'25, ABNB's Price-to-Sales (P/S) Ratio stands at 5.766, marking the lowest value in the observed period from Q1'23 to Q4'25. This latest data point reflects a continued downward trend in valuation relative to sales. From Q1'23 to Q4'25, the P/S Ratio for ABNB has exhibited notable volatility, peaking at 10.034 in Q2'23 before declining overall. After reaching highs near 10 in 2023, the ratio has steadily decreased, particularly from Q1'24 onward, indicating a contraction in investor valuation multiples. The consistent decline through 2025 suggests either revenue growth outpacing market capitalization or a shift in market sentiment, with the ratio dropping by over 40% from its peak within the covered period.