The latest data point for NET's P/E Ratio in Q1'26 stands at -793.39, reflecting a deepened negative valuation amid ongoing profitability challenges, compared to -601.14 in the prior quarter (Q4'25). Over the period from Q2'23 to Q1'26, the P/E Ratio has exhibited a pronounced downward trend, starting at -98.36 and progressively deteriorating to more extreme negative levels, with notable acceleration in declines during Q3'24 (-349.94) and Q4'24 (-684.81). This consistent negative trajectory, visualized in an area chart, underscores sustained earnings deficits relative to market pricing, with brief fluctuations like a slight recovery in Q1'25 (-527.31) failing to reverse the overall bearish pattern, signaling heightened investor caution for the stock.