ECL.SN 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	1.93T EUR	1.9T EUR	1.57T EUR	1.42T EUR
Enterprise Value	1.93T EUR	1.9T EUR	1.57T EUR	1.42T EUR
Valuation Multiples
Trailing P/E	8.64x	8,645.89x	6,530.86x	7,098.76x
Forward P/E	13.35x	--	--	--
Price to Sales	941.07x	1,224.54x	975.51x	900.31x
Price to Book	1,002.52x	985.88x	855.42x	818.81x
EV/Revenue	942.26x	1,226.08x	976.96x	901.83x
EV/EBITDA	2,842.2x	4,626.25x	3,493.44x	3,531.26x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-0.03%	-0.01%	-0.01%	-0.01%