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As of Q4'25, the EV/Sales ratio for APP stands at 171.74, marking the highest value in the observed period. This latest data point reflects a substantial increase compared to previous quarters, highlighting a sharp escalation in the company's valuation relative to its sales. From Q1'23 to Q4'25, the EV/Sales ratio exhibits a pronounced upward trend, especially accelerating from Q3'24 onwards. After a relatively moderate rise in 2023 and early 2024, the metric surged dramatically in late 2024 and throughout 2025, with notable jumps in Q4'24 (81.42), Q2'25 (106.79), and Q4'25 (171.74). This pattern suggests a significant shift in market sentiment or company fundamentals, resulting in a rapidly increasing valuation multiple over the covered period.