5425.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	24.88B EUR	29.83B EUR	12.76B EUR	12.62B EUR
Enterprise Value	29.54B EUR	31.86B EUR	14.64B EUR	14.85B EUR
Valuation Multiples
Trailing P/E	33.95x	41.17x	22.64x	32.1x
Forward P/E	15.88x	--	--	--
Price to Sales	1.37x	1.64x	0.72x	0.94x
Price to Book	3.22x	3.9x	1.61x	1.65x
EV/Revenue	1.62x	1.75x	0.82x	1.1x
EV/EBITDA	12.08x	10.55x	5.22x	7.12x
Price to FCF (P/FCF)	72.86x	51.31x	6.84x	6.87x
EV/FCF	86.53x	54.82x	7.84x	8.08x
FCF Yield	1.37%	1.95%	14.62%	14.56%