INGR 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	6B EUR	5.98B EUR	7.1B EUR	6.95B EUR
Enterprise Value	6.83B EUR	6.81B EUR	8.01B EUR	7.89B EUR
Valuation Multiples
Trailing P/E	10.35x	10.09x	10.54x	13.06x
Forward P/E	8.44x	--	--	--
Price to Sales	0.83x	0.83x	0.99x	1.28x
Price to Book	1.33x	1.31x	1.61x	1.6x
EV/Revenue	0.95x	0.94x	1.11x	1.46x
EV/EBITDA	5.92x	5.95x	6.76x	8.61x
Price to FCF (P/FCF)	13.11x	16.83x	15.82x	13.21x
EV/FCF	14.93x	19.19x	17.85x	15x
FCF Yield	7.62%	5.94%	6.32%	7.57%