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As of Q4'25, VRT's EV/EBITDA ratio reached 82.07, marking a significant increase from the previous quarter's value of 37.11. This latest data point represents the highest level observed in the period covered, indicating a sharp escalation in valuation relative to EBITDA. From Q1'23 to Q4'25, the EV/EBITDA ratio for VRT has shown considerable volatility, with notable peaks in Q1'24 (43.05) and Q4'25 (82.07), as well as periods of decline such as the drop to 21.47 in Q1'25. The overall trend is upward, punctuated by sharp fluctuations, suggesting dynamic changes in either enterprise value, EBITDA, or both. This pattern may reflect shifting market sentiment or significant operational developments over the observed quarters.