GM 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	72.59B EUR	67.63B EUR	67.2B EUR	73.51B EUR
Enterprise Value	177.86B EUR	175.2B EUR	175.16B EUR	183.88B EUR
Valuation Multiples
Trailing P/E	37.1x	34.7x	26.47x	--
Forward P/E	5.47x	--	--	--
Price to Sales	0.39x	0.36x	0.36x	0.52x
Price to Book	1.17x	1.09x	1.07x	1.2x
EV/Revenue	0.96x	0.94x	0.95x	1.3x
EV/EBITDA	10.81x	10x	8.25x	12.5x
Price to FCF (P/FCF)	3.31x	111.79x	--	41.51x
EV/FCF	8.11x	289.58x	--	103.83x
FCF Yield	30.22%	0.89%	-0.1%	2.41%