MOH 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	10.28B EUR	11.89B EUR	6.93B EUR	8.92B EUR
Enterprise Value	5.26B EUR	10.86B EUR	5.56B EUR	8.62B EUR
Valuation Multiples
Trailing P/E	2,188.11x	--	36.87x	51.26x
Forward P/E	20.21x	--	--	--
Price to Sales	0.24x	0.27x	0.15x	0.26x
Price to Book	2.46x	2.85x	1.7x	2.19x
EV/Revenue	0.12x	0.24x	0.12x	0.25x
EV/EBITDA	13.48x	23.41x	7.84x	17.42x
Price to FCF (P/FCF)	14.68x	43.88x	27.62x	--
EV/FCF	7.51x	40.08x	22.17x	--
FCF Yield	6.81%	2.28%	3.62%	-9.01%