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The latest data point for CMG's EV/EBITDA ratio in Q1'26 stands at 94.28, marking a substantial surge from the previous quarter's 23.91 in Q4'25 and indicating heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibited volatility with an overall upward trajectory in recent quarters; it began at 31.73 in Q2'23, dipped to 29.84 in Q3'23, then climbed sharply to 43.77 in Q1'24 before stabilizing around 33-35 through Q3'24 to Q4'24. A notable decline followed to 19.96 in Q3'25—the lowest point—before recovering to 23.91 in Q4'25, culminating in the dramatic 94.28 spike in Q1'26, suggesting potential shifts in investor expectations or operational leverage for the company.