As of Q4'25, the latest EV/Sales ratio for SE stands at 7.27, marking a significant decrease from the previous quarter’s value of 14.06. This sharp decline suggests a notable change in the company’s valuation relative to its sales at the end of the observed period. Over the period from Q1'23 to Q4'25, the EV/Sales ratio has exhibited considerable volatility. The metric started at 12.40 in Q1'23, dropped to a low of 6.08 by Q3'23, then rebounded sharply to peak at 19.58 in Q2'25 before falling back to 7.27 in Q4'25. This trend highlights significant fluctuations in market sentiment and valuation, with pronounced peaks in early 2025 followed by a rapid correction by year-end.