ELISA.HE Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	5.57B EUR	5.9B EUR	6.73B EUR
Enterprise Value	7.06B EUR	7.38B EUR	8.16B EUR
Valuation Multiples
Trailing P/E	16.37x	17.93x	20.38x
Forward P/E	13.78x	--	--
Price to Sales	2.48x	2.63x	3x
Price to Book	4.17x	4.42x	5.01x
EV/Revenue	3.14x	3.3x	3.63x
EV/EBITDA	9.84x	9.66x	10.74x
Price to FCF (P/FCF)	41.62x	16.03x	17.73x
EV/FCF	52.74x	20.05x	21.49x
FCF Yield	2.4%	6.24%	5.64%