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As of the latest data point on 2025-11-27 (Q1'26), MU's EV/EBITDA ratio stands at 12.527. This marks a moderate increase from the previous quarter, continuing a gradual upward movement since Q2'25. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibited significant volatility, peaking sharply at 63.18 in Q1'24 before declining substantially to 7.706 by Q2'25. Following this trough, the ratio has shown a steady recovery, though it remains well below the earlier peak. This trend suggests a period of market correction after a spike, with recent quarters indicating a stabilization and modest upward momentum.