688281.SS 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	18.21B EUR	19.17B EUR	19.54B EUR	20.12B EUR
Enterprise Value	16.66B EUR	19.05B EUR	20.01B EUR	20.3B EUR
Valuation Multiples
Trailing P/E	54.24x	81.41x	86.37x	95.85x
Forward P/E	24.93x	--	--	--
Price to Sales	12.46x	16.3x	19.23x	20.98x
Price to Book	3.76x	3.96x	4.09x	4.27x
EV/Revenue	11.4x	16.2x	19.69x	21.17x
EV/EBITDA	44.58x	66.38x	73.95x	76.65x
Price to FCF (P/FCF)	--	133.35x	173.34x	159.51x
EV/FCF	--	132.55x	177.49x	160.97x
FCF Yield	-2.63%	0.75%	0.58%	0.63%