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As of Q4'25, META's EV/Sales ratio stands at 28.59, marking a notable decrease from the previous quarter's 33.58. This latest data point reflects a reversal after a period of elevated ratios earlier in 2025. Examining the trend from Q1'23 to Q4'25, the EV/Sales ratio has exhibited significant volatility, with a pronounced upward trajectory from Q3'23 (21.68) to a peak in Q2'25 (41.68), followed by a sharp decline in the subsequent quarters. The overall pattern suggests periods of rapid valuation expansion relative to sales, particularly in late 2024 and early 2025, before a recent correction.