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The latest data point for CRWD's EV/EBITDA ratio in Q4'26 stands at 522.681, reflecting a notable decline from the peak of 1703.59 observed in Q3'26, yet remaining elevated compared to earlier periods in the fiscal year. Over the period from Q1'24 to Q4'26, the EV/EBITDA ratio exhibits high volatility with an overall downward trend initially, starting at 2991.54 in Q1'24 and dropping sharply to 145.87 by Q2'25, before rebounding significantly to highs above 1.7K in Q3'26 amid apparent market fluctuations. Key inflection points include a steep recovery from Q2'25 lows to 602.377 in Q1'26, followed by a rapid ascent and subsequent pullback, suggesting sensitivity to operational or valuation shifts in the cybersecurity sector. This pattern underscores periods of compression and expansion, with the area chart highlighting sustained premium multiples despite the declines.