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The latest data point for XOM (Exxon Mobil) shows an EV/EBITDA ratio of 10.65 in Q1'26. This represents the highest valuation multiple recorded throughout the analyzed period. From Q2'23 to Q1'26, the EV/EBITDA ratio exhibited a clear upward trajectory, climbing from 4.81 to 10.65. While the trend saw a minor cooling period between Q3'24 and Q1'25, the valuation multiple accelerated significantly starting in Q2'25, reflecting a substantial expansion in the company's enterprise value relative to its earnings power.