In the latest fiscal period Q1'26, the P/E Ratio for NBIS stands at 64.389. This represents a significant contraction compared to the historical peak of 423.934 recorded in the preceding quarter, Q4'25. From Q2'23 to Q1'26, the company's valuation has exhibited extreme volatility, transitioning from a relatively stable range under 32 to negative territory between Q3'24 and Q1'25. Following this period of negative ratios, the P/E Ratio surged dramatically throughout FY2025, reaching its highest point in Q4'25 before sharply declining in the most recent quarter.