KTB1.F 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	15.86B EUR	13.56B EUR	12.51B EUR	11.04B EUR
Enterprise Value	73.54B EUR	-34.12B EUR	337.87B EUR	-44.89B EUR
Valuation Multiples
Trailing P/E	12x	0.27x	0.26x	0.3x
Forward P/E	0.45x	--	--	--
Price to Sales	0.12x	0.09x	0.08x	0.09x
Price to Book	1.26x	0.03x	0.03x	0.02x
EV/Revenue	0.57x	-0.22x	2.17x	-0.38x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	0.15x	0.07x	0.06x
EV/FCF	--	-0.37x	1.81x	-0.23x
FCF Yield	--	680.89%	1,492.76%	1,775.92%