As of Q4'25, META's EV/EBITDA ratio stands at 56.96, marking a dramatic spike compared to previous quarters. This latest data point represents a significant deviation from the recent trend, where the ratio had ranged between approximately 15.7 and 20.4 over the past two years. From Q1'23 to Q3'25, META's EV/EBITDA ratio demonstrated moderate volatility but remained within a relatively stable band, fluctuating between 15.7 and 21.3. The sudden surge to 56.96 in Q4'25 is a notable outlier, suggesting either a sharp increase in enterprise value, a drop in EBITDA, or a one-off event impacting valuation. This abrupt change warrants further investigation, as it breaks the historical pattern observed in the area chart covering the period from Q1'23 to Q4'25.