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In the latest recorded fiscal period Q4'25, the EV/EBITDA ratio for NBIS stood at 58.694. This represents a significant recovery into positive territory following a period of extreme volatility and a deep negative valuation in Q3'25. The chart data from Q2'23 to Q4'25 reveals a highly volatile trend characterized by dramatic fluctuations between positive and negative values. After a relatively stable growth phase reaching 7.12 in Q4'23, the ratio experienced severe drops and sharp spikes, including a notable peak of 704.43 in Q3'24 and a significant trough in Q3'25. Such erratic movements suggest substantial shifts in either the company's enterprise value or its EBITDA profitability over the analyzed periods.