As of Q4'25, the latest P/S Ratio for CPNG stands at -2.45, marking a significant and unusual negative value compared to previous quarters. This sharp drop follows a steady increase, with the ratio reaching 1.74 in Q3'25 and 1.69 in Q2'25, indicating a sudden reversal in the most recent quarter. Analyzing the trend from Q1'23 to Q4'25, the P/S Ratio generally fluctuated between 1.18 and 1.74, showing moderate volatility but maintaining a positive range until the latest data point. The abrupt shift to a negative value in Q4'25 suggests a major change in either price or sales dynamics, possibly indicating a significant event or accounting adjustment. This negative outlier is a notable deviation from the overall trend and warrants further investigation.