As of Q4'25, NET's P/S Ratio has reached 112.64, marking a significant increase from the previous quarter's value of 38.71. This latest data point represents the highest level observed in the covered period from Q1'23 to Q4'25. Throughout the period, the P/S Ratio exhibited considerable volatility, with notable fluctuations between quarters. After a relatively stable range between 15.71 and 24.76 from Q1'23 to Q1'24, the ratio surged to 32.32 in Q4'24, followed by a sharp climb to 112.64 in Q4'25. This dramatic rise in the latter quarters suggests a substantial shift in market valuation or revenue expectations for NET.