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The latest data point for ONTO's EV/Sales ratio in Q1'26 stands at 34.08, reflecting a moderate decline of approximately 16% from the previous quarter's peak of 40.46 in Q4'25, yet remaining above the yearly low observed earlier in the period. Over the timeframe from Q2'23 to Q1'26, the EV/Sales ratio exhibits a volatile upward trend overall, starting at 27.95 and peaking at 44.04 in Q1'24 before experiencing significant fluctuations, including a sharp drop to 17.05 in Q2'25 and a subsequent rebound to 40.46 in Q4'25. Key inflection points include the rapid 41% increase from Q3'23 to Q4'23 and the 61% decline from Q1'24 to Q2'25, indicating market sensitivity to sector dynamics in the semiconductor space, with the area chart highlighting periods of expansion and contraction that suggest improving valuation multiples in recent quarters despite ongoing volatility.