3211.TWO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	60.35B EUR	63.76B EUR	53.24B EUR	52.01B EUR
Enterprise Value	57.1B EUR	63.8B EUR	52.35B EUR	48.66B EUR
Valuation Multiples
Trailing P/E	52.22x	70.37x	41.19x	45.5x
Forward P/E	18.8x	--	--	--
Price to Sales	4.18x	5.89x	5.03x	5.42x
Price to Book	6.69x	7.12x	6.12x	5.22x
EV/Revenue	3.95x	5.9x	4.95x	5.07x
EV/EBITDA	31.69x	44.83x	26.61x	27.31x
Price to FCF (P/FCF)	--	--	44.71x	36.27x
EV/FCF	--	--	43.97x	33.93x
FCF Yield	-0.77%	-0.82%	2.24%	2.76%