M.RO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	5.88B EUR	6.3B EUR	6.23B EUR
Enterprise Value	7.81B EUR	8.21B EUR	8.08B EUR
Valuation Multiples
Trailing P/E	1,108x	--	430.81x
Forward P/E	221.6x	--	--
Price to Sales	1.76x	1.89x	1.94x
Price to Book	12.85x	13.76x	12.6x
EV/Revenue	2.34x	2.47x	2.51x
EV/EBITDA	21.68x	21.61x	19.19x
Price to FCF (P/FCF)	63.83x	280.33x	182.27x
EV/FCF	84.81x	365.54x	236.4x
FCF Yield	1.57%	0.36%	0.55%