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As of Q4'25, CLS's EV/EBITDA ratio has reached 91.81, marking a substantial increase from previous quarters. This latest data point represents a dramatic escalation compared to Q3'25, where the ratio stood at 34.11. From Q1'23 to Q4'25, the EV/EBITDA ratio for CLS shows a pronounced upward trend, particularly accelerating from Q4'23 onward. After a period of moderate growth in 2023, the ratio began to rise sharply in 2024 and surged even more rapidly throughout 2025, culminating in a nearly threefold jump between Q3'25 and Q4'25. This pattern indicates significant changes in the company's valuation relative to its EBITDA, suggesting either a sharp increase in enterprise value, a decline in EBITDA, or both.