JWEL.TO 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	1.89B EUR	1.73B EUR	1.43B EUR	1.39B EUR
Enterprise Value	2.39B EUR	2.15B EUR	1.83B EUR	1.77B EUR
Valuation Multiples
Trailing P/E	24.71x	27.19x	24.3x	29.38x
Forward P/E	18.38x	--	--	--
Price to Sales	2.14x	2.54x	2.21x	2.24x
Price to Book	3.7x	3.39x	2.9x	2.87x
EV/Revenue	2.71x	3.15x	2.84x	2.84x
EV/EBITDA	16.33x	18.7x	16.8x	18.42x
Price to FCF (P/FCF)	--	97.07x	53.64x	21.57x
EV/FCF	--	120.46x	68.91x	27.35x
FCF Yield	-0.4%	1.03%	1.86%	4.64%