6023.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	37.67B EUR	32.55B EUR	31.77B EUR	31.93B EUR
Enterprise Value	15.56B EUR	19.11B EUR	19.98B EUR	21.19B EUR
Valuation Multiples
Trailing P/E	11.76x	14.87x	15.64x	16.39x
Forward P/E	--	--	--	--
Price to Sales	10.25x	8.28x	9.43x	11.35x
Price to Book	1.55x	1.63x	1.57x	1.64x
EV/Revenue	4.24x	4.86x	5.93x	7.53x
EV/EBITDA	--	4.89x	5.86x	6.93x
Price to FCF (P/FCF)	--	8.99x	8.52x	13.09x
EV/FCF	--	5.28x	5.36x	8.68x
FCF Yield	--	11.13%	11.74%	7.64%