ASB-PE 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	--	3.78B EUR	3.43B EUR	3.55B EUR
Enterprise Value	7.61B EUR	7.13B EUR	6.06B EUR	5.69B EUR
Valuation Multiples
Trailing P/E	9.17x	7.49x	6.97x	9.52x
Forward P/E	--	--	--	--
Price to Sales	--	2.36x	2.26x	3.12x
Price to Book	0.65x	0.67x	0.69x	0.71x
EV/Revenue	4.89x	4.45x	3.99x	5.01x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	5.57x	5.58x	7.27x
EV/FCF	--	10.5x	9.85x	11.65x
FCF Yield	--	17.96%	17.93%	13.76%