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The latest data point for VRT's EV/EBITDA ratio in Q1'26 stands at 175.08, marking a substantial surge from the previous quarter's value of 42.67 in Q4'25 and indicating heightened market valuation relative to earnings. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibits overall volatility with an upward trajectory, starting at 20.48 in Q2'23 and climbing to a peak of 175.08 in Q1'26; notable fluctuations include a dip to 18.59 in Q3'23 followed by a sharp rise to 43.05 in Q1'24, a temporary decline to 21.47 in Q1'25, and subsequent increases peaking in the most recent quarter, suggesting expanding investor expectations for future growth despite intermittent corrections.