The latest data point for NOW's EV/EBITDA ratio in Q1'26 stands at 139.90, marking a substantial increase from the previous quarter's value of 40.27 in Q4'25 and reflecting heightened market valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio has exhibited significant volatility, starting at 99.71 and declining to a low of 40.27 in Q4'25 before surging to 139.90. Key trends include an initial drop from 99.71 in Q2'23 to 82.86 in Q3'23, followed by fluctuations around the 80-100 range through Q3'24, a sharp decline to 67.94 in Q1'25, and a pronounced downward trajectory to 40.27 by Q4'25, indicative of potential undervaluation or operational pressures before the recent rebound. This area chart highlights periods of instability, with no clear long-term growth or decline but notable inflection points in late 2025 signaling possible recovery.