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As of Q4'25, KO's EV/EBITDA ratio surged sharply to 108.20, representing a significant jump from the previous quarter's value of 17.99. This latest data point marks an extraordinary spike compared to the historical range observed over the past two years. From Q1'23 to Q3'25, KO's EV/EBITDA ratio generally fluctuated between 17.14 and 21.50, indicating relative stability with mild cyclical variations. However, the abrupt increase in Q4'25 stands out as a major anomaly, suggesting either a substantial change in enterprise value, EBITDA, or a one-off event impacting the metric. This sudden deviation warrants further investigation, as it breaks the previously consistent trend observed throughout the period.