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The latest data point for META's EV/EBITDA ratio in Q1'26 stands at 50.45, marking a substantial increase from the previous quarter's 18.32 in Q4'25 and indicating heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio has exhibited volatility with an overall upward trend, starting at 21.29 and fluctuating between a low of 15.70 in Q3'23 and a high of 50.45 in Q1'26; notable declines occurred in Q3'23 and Q1'25, followed by recoveries, while the area chart highlights periods of sustained elevation in late 2023 and 2024, suggesting improving investor confidence in META's growth prospects despite intermittent dips.