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As of Q4'25, ONTO's EV/Sales ratio stands at 30.67, showing a notable recovery from the recent low of 17.05 in Q2'25. The latest data point reflects a strong rebound in valuation relative to sales, following a period of volatility. From Q1'23 to Q4'25, the EV/Sales ratio exhibited significant fluctuations, initially rising sharply from 19.02 in Q1'23 to a peak of 44.04 in Q1'24. This was followed by a pronounced decline, bottoming out at 17.05 in Q2'25, before rebounding to 30.67 by Q4'25. The trend highlights periods of both rapid expansion and contraction in valuation, suggesting shifting market sentiment and possible changes in sales expectations over the observed period.