The latest data point for NVO in Q1'26 shows a P/S Ratio of 3.964. This value represents the lowest valuation multiple recorded throughout the observed period, continuing a downward trajectory from previous fiscal years. The chart data reveals a significant valuation contraction from Q2'23 to Q1'26. After reaching a peak of 15.916 in Q1'24, the P/S Ratio entered a period of steady decline, dropping sharply below 10.0 by Q4'24 and stabilizing near the 4.0 range starting in Q2'25. This downward trend suggests a substantial adjustment in market valuation relative to revenue over the two-year period.