As of Q4'25, NET's EV/Sales ratio stands at 116.83, reflecting a notable decrease from the recent peak of 145.05 in Q2'25. This latest data point suggests a partial retracement after a period of significant growth earlier in 2025. Reviewing the period from Q1'23 to Q4'25, the EV/Sales ratio exhibits considerable volatility, with sharp increases and declines. After a dip to 60.55 in Q3'23, the ratio surged to 92.29 in Q4'23 and peaked at 145.05 in Q2'25, before easing back. The overall trend indicates periods of rapid expansion punctuated by corrections, highlighting fluctuating market sentiment and valuation dynamics over the observed quarters.