LNG 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	57.45B EUR	49.69B EUR	59.62B EUR	41.29B EUR
Enterprise Value	89.54B EUR	75.15B EUR	84.72B EUR	65.7B EUR
Valuation Multiples
Trailing P/E	21.04x	17.03x	40.42x	8.3x
Forward P/E	13.38x	--	--	--
Price to Sales	2.75x	2.31x	2.92x	2.84x
Price to Book	9.34x	8.03x	15.88x	5.22x
EV/Revenue	4.28x	3.5x	4.15x	4.52x
EV/EBITDA	11.44x	9.49x	13.81x	7.11x
Price to FCF (P/FCF)	79.7x	17.8x	27.1x	22.25x
EV/FCF	124.22x	26.92x	38.51x	35.4x
FCF Yield	1.25%	5.62%	3.69%	4.5%