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The latest data point for KLAC's EV/EBITDA ratio in Q3'26 stands at 137.96, marking a substantial increase from the previous quarter's 32.25 and reflecting heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q4'23 to Q3'26, the EV/EBITDA ratio exhibited an overall upward trend with notable volatility, starting at 15.96 and climbing steadily to a peak of 137.96; key inflection points include a sharp rise from 15.51 in Q1'24 to 26.79 in Q3'24, a temporary dip to 18.80 in Q3'25, and an explosive surge in the final quarter, suggesting improving investor sentiment or operational leverage despite intermittent fluctuations. This area chart highlights periods of accelerated growth post-Q2'24, underscoring KLAC's evolving attractiveness in the semiconductor sector.