3988.HK 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	1.97T EUR	1.61T EUR	1.6T EUR	1.44T EUR
Enterprise Value	7.98T EUR	53.01B EUR	15.29B EUR	-110.98B EUR
Valuation Multiples
Trailing P/E	7.38x	6.46x	6.53x	7.62x
Forward P/E	6.6x	--	--	--
Price to Sales	3.44x	2.35x	2.39x	2.92x
Price to Book	0.61x	0.52x	0.52x	0.47x
EV/Revenue	13.9x	0.08x	0.02x	-0.23x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	1.31x	1.62x	1.78x
EV/FCF	--	0.04x	0.02x	-0.14x
FCF Yield	--	76.59%	61.87%	56.11%