As of Q2'26, CSCO's EV/EBITDA ratio has surged to 161.23, representing a dramatic increase compared to previous quarters. This latest data point marks a significant deviation from the historical range, where values typically hovered between 10.43 and 19.87 over the period from Q3'23 to Q1'26. Analyzing the trend from Q3'23 to Q2'26, the EV/EBITDA ratio remained relatively stable and within a narrow band for most of the observed quarters, with gradual growth from 12.05 in Q3'23 to 19.87 in Q1'26. However, Q2'26 exhibits an extraordinary spike, indicating a potential one-off event or outlier that sharply contrasts with the prior trend. This sudden escalation warrants further investigation, as it may signal a significant change in CSCO's valuation or underlying financial performance during the covered period.