CTO 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	768.08M EUR	752.61M EUR	615.6M EUR	595.97M EUR
Enterprise Value	1.42B EUR	752.61M EUR	1.26B EUR	1.21B EUR
Valuation Multiples
Trailing P/E	14.96x	20.09x	43.86x	59.05x
Forward P/E	33.05x	--	--	--
Price to Sales	4.77x	6.42x	3.97x	3.99x
Price to Book	1.16x	--	1.07x	1.05x
EV/Revenue	8.79x	6.42x	8.11x	8.07x
EV/EBITDA	14.28x	10.34x	13.16x	13.14x
Price to FCF (P/FCF)	21.04x	14.54x	8.94x	9.23x
EV/FCF	38.78x	14.54x	18.25x	18.67x
FCF Yield	4.75%	6.88%	11.19%	10.84%