As of Q4'26 (2026-01-31), MDB's Price-to-Sales (P/S) ratio surged to 43.42, marking a significant spike from the previous quarter's value of 14.12. This latest data point represents the highest P/S ratio observed in the covered period. Analyzing the trend from Q1'24 to Q4'26, the P/S ratio initially declined steadily from 19.43 to a low of 7.75 by Q1'26, reflecting a period of contraction. However, the trend reversed sharply starting in Q2'26, with the ratio climbing rapidly and culminating in a dramatic jump in Q4'26. This pattern suggests a period of relative valuation compression followed by a sudden and substantial expansion, possibly indicating a major shift in market sentiment or company fundamentals.