As of Q2'26 (2025-11-30), APLD's EV/Sales ratio stands at 64.9, following a significant peak of 137.3 in Q1'26 (2025-08-31). This latest value reflects a notable decrease from the previous quarter but remains substantially higher than earlier periods within the observed timeframe. From Q3'23 (2023-02-28) to Q2'26, the EV/Sales ratio has exhibited considerable volatility, with an overall upward trajectory. After a sharp spike to 42.4 in Q4'23, the ratio fluctuated before surging dramatically from Q4'24 (22.4) to its all-time high in Q1'26 (137.3). The subsequent decline to 64.9 suggests a partial correction, yet the metric remains elevated compared to its historical levels, indicating heightened valuation relative to sales in recent quarters.