MT.AS 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	43.1B EUR	39.74B EUR	33.34B EUR	29.75B EUR
Enterprise Value	54.77B EUR	49.26B EUR	42.66B EUR	37.77B EUR
Valuation Multiples
Trailing P/E	28.22x	21.93x	11.41x	12.68x
Forward P/E	8.66x	--	--	--
Price to Sales	0.69x	0.63x	0.54x	0.64x
Price to Book	0.89x	0.72x	0.6x	0.55x
EV/Revenue	0.87x	0.78x	0.69x	0.81x
EV/EBITDA	10.05x	8.32x	6.07x	6.96x
Price to FCF (P/FCF)	--	--	65.11x	16.6x
EV/FCF	--	--	83.32x	21.08x
FCF Yield	-1.81%	-0.4%	1.54%	6.02%