As of Q4'25, the latest P/S Ratio for NOW stands at 44.61, representing a significant spike compared to previous quarters. This sharp increase follows a value of 15.35 in Q3'25, indicating a dramatic change in the company's price-to-sales valuation at the end of the observed period. Analyzing the data from Q1'23 to Q4'25, the P/S Ratio generally fluctuated between 12.17 and 18.99, with moderate volatility and no sustained long-term trend until the final quarter. The most notable inflection point occurs in Q4'25, where the P/S Ratio nearly triples from the prior quarter, suggesting either a substantial increase in market capitalization, a drop in revenue, or both. This abrupt surge warrants further investigation into underlying business or market events during that period.