MCK 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	109.46B EUR	87.65B EUR	103.84B EUR	100.9B EUR
Enterprise Value	118.03B EUR	94.19B EUR	108.48B EUR	106.56B EUR
Valuation Multiples
Trailing P/E	25.16x	19.09x	21.81x	32.76x
Forward P/E	18.62x	--	--	--
Price to Sales	0.27x	0.21x	0.26x	0.33x
Price to Book	--	--	--	--
EV/Revenue	0.29x	0.23x	0.27x	0.35x
EV/EBITDA	16.69x	12.1x	14.65x	21.58x
Price to FCF (P/FCF)	16.09x	14.26x	19.19x	46.41x
EV/FCF	17.35x	15.33x	20.05x	49.02x
FCF Yield	6.21%	7.01%	5.21%	2.15%