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As of Q4'25, GOOGL's EV/Sales ratio stands at 33.45, marking the highest value in the observed period from Q1'23 to Q4'25. This latest data point reflects a significant increase compared to previous quarters, indicating a notable expansion in the company's valuation relative to its sales. Throughout the period, the EV/Sales ratio exhibited a generally upward trend with some fluctuations. After a moderate rise from 18.88 in Q1'23 to a peak of 26.39 in Q1'24, the ratio experienced a brief decline before surging sharply from Q2'25 onward, culminating in the substantial jump to 33.45 by Q4'25. This pattern suggests increasing investor optimism or higher growth expectations for GOOGL in the latter part of the timeframe.