FANG 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	54.05B EUR	49.32B EUR	55.64B EUR	42.78B EUR
Enterprise Value	71.91B EUR	61.47B EUR	69.36B EUR	57.56B EUR
Valuation Multiples
Trailing P/E	36.6x	33.62x	195.92x	165.19x
Forward P/E	10.25x	--	--	--
Price to Sales	3.33x	2.9x	3.68x	3.93x
Price to Book	1.42x	1.3x	1.53x	1.16x
EV/Revenue	4.43x	3.62x	4.59x	5.28x
EV/EBITDA	6.11x	5.23x	6.68x	7.6x
Price to FCF (P/FCF)	10.73x	13.39x	--	--
EV/FCF	14.28x	16.69x	--	--
FCF Yield	9.32%	7.47%	-1.41%	-3.19%