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In the latest fiscal period Q4'26, the EV/Sales ratio for BABA reached a significant high of 59.63. This represents a substantial surge compared to the previous quarter's value of 1.09. From Q1'24 to Q3'26, the EV/Sales ratio exhibited a relatively stable trend, fluctuating primarily within the range of 0.66 to 1.55. However, the data reveals a dramatic inflection point in Q4'26, where the ratio spiked from 1.09 to 59.63, indicating a major shift in enterprise valuation relative to sales during that period.