ARTV 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	339.3M EUR	474.19M EUR	159.18M EUR	105.51M EUR
Enterprise Value	-7.09M EUR	182.59M EUR	148.48M EUR	89.76M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-2.66x	--	--	--
Price to Sales	--	--	--	--
Price to Book	0.97x	1.36x	1.81x	0.96x
EV/Revenue	--	--	--	--
EV/EBITDA	0.08x	--	--	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-13.1%	-16.22%	-50.37%	-55.9%