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As of Q4'26 (2026-01-25), NVIDIA's EV/Sales ratio stands at 66.53, marking the lowest value observed in the presented period. This latest data point reflects a continued decline from the previous quarter's 79.49, indicating a downward movement in valuation relative to sales. Over the period from Q1'24 (2023-04-30) to Q4'26 (2026-01-25), the EV/Sales ratio has shown significant volatility, peaking at 134.70 in Q1'24 before undergoing a general downward trend. Notable fluctuations include a sharp drop to 68.37 by Q3'24, a rebound to 108.59 in Q1'25, and subsequent declines interspersed with brief recoveries. The overall trend suggests a normalization of valuation multiples after an initial period of elevated ratios, with the most recent quarters stabilizing at lower levels.