CEAB3.SA 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	4.02B EUR	3.23B EUR	3.66B EUR	3.87B EUR
Enterprise Value	5.7B EUR	5.41B EUR	5.96B EUR	5.83B EUR
Valuation Multiples
Trailing P/E	7.46x	6.54x	7.1x	7.47x
Forward P/E	7.33x	--	--	--
Price to Sales	0.5x	0.52x	0.59x	0.63x
Price to Book	1.07x	0.85x	0.99x	1.04x
EV/Revenue	0.71x	0.88x	0.97x	0.95x
EV/EBITDA	5.68x	3.05x	3.24x	3.12x
Price to FCF (P/FCF)	18.44x	5x	11.57x	7.83x
EV/FCF	26.15x	8.39x	18.86x	11.81x
FCF Yield	5.42%	20%	8.64%	12.78%