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The latest data point for VEEV's EV/EBITDA ratio in Q4'26 stands at 130.91, marking a substantial increase from the previous quarter's 32.83 and representing the highest value in the observed period. Over the timeframe from Q1'24 to Q4'26, the EV/EBITDA ratio exhibits volatility with an overall downward trend until Q3'26, starting at 58.95 and declining to a low of 32.83, before a sharp spike in the final quarter; notable fluctuations include a peak of 62.40 in Q2'24 and a drop to 37.13 in Q1'25, suggesting potential shifts in market valuation or operational performance that warrant further investigation by analysts.