As of the latest data point for Q3'25, SERV's EV/EBITDA stands at -18.35. This reflects a continued negative valuation multiple, indicating that the company's enterprise value remains significantly below its EBITDA, or that EBITDA is negative. From Q4'22 to Q3'25, the EV/EBITDA ratio has exhibited high volatility, with extreme lows such as -139.06 in Q4'23 and partial recoveries to -4.14 in Q1'25. The trend shows significant fluctuations, with the ratio remaining negative throughout the period, suggesting ongoing operational or profitability challenges. Notably, after the sharp dip in late 2023, there has been some stabilization, but the ratio has not returned to positive territory.