ITW 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	75.22B EUR	77.03B EUR	74.89B EUR	71.08B EUR
Enterprise Value	84.25B EUR	85.88B EUR	83.21B EUR	79.44B EUR
Valuation Multiples
Trailing P/E	23.95x	24.12x	23.89x	30.04x
Forward P/E	21.4x	--	--	--
Price to Sales	4.57x	4.68x	4.62x	5.82x
Price to Book	25.99x	26.62x	23.19x	22.04x
EV/Revenue	5.12x	5.21x	5.13x	6.51x
EV/EBITDA	17.53x	17.81x	17.57x	22.09x
Price to FCF (P/FCF)	30.92x	26.37x	27.34x	32.15x
EV/FCF	34.63x	29.4x	30.38x	35.93x
FCF Yield	3.23%	3.79%	3.66%	3.11%