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As of the most recent data point on 2026-01-31 (Q3'26), CRDO's EV/EBITDA stands at 139.70. This marks a continuation of positive EV/EBITDA values after a significant turnaround from deeply negative figures in the prior fiscal year. Analyzing the trend from Q4'23 to Q3'26, the EV/EBITDA ratio exhibited extreme volatility, starting at -298.12 and plunging to a low of -13.67K in Q2'25. However, beginning in Q3'25, the ratio shifted sharply into positive territory, stabilizing above 130 for the last four quarters. This dramatic reversal suggests a major improvement in earnings or valuation, with the recent quarters reflecting a more normalized and stable financial position for CRDO.