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The latest data point for LRCX's EV/EBITDA ratio, recorded in Q3'26, stands at 885.18, marking a dramatic surge from the previous quarter's value of 41.58 in Q2'26 and indicating heightened market valuation relative to earnings. Over the period from Q4'23 to Q3'26, the EV/EBITDA ratio exhibited an overall upward trend with notable volatility, starting at 15.84 in Q4'23 and climbing steadily to a peak of 27.25 in Q1'26 before accelerating sharply in the final two quarters. Key inflection points include a rapid increase from 15.83 in Q3'25 to 27.23 in Q1'26, followed by a brief stabilization around 19-20 in mid-2024, and an explosive rise post-Q2'26 that suggests potential overvaluation or sector-specific optimism in the semiconductor industry. This area chart highlights LRCX's growing multiples amid fluctuating profitability metrics, warranting caution for analysts monitoring sustainability.