OPEN 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	2.14B EUR	4.48B EUR	4.51B EUR	5.58B EUR
Enterprise Value	3.29B EUR	5.54B EUR	4.85B EUR	5.94B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-105.31x	--	--	--
Price to Sales	0.66x	1.38x	1.14x	1.73x
Price to Book	2.35x	4.9x	4.73x	5.55x
EV/Revenue	1.01x	1.7x	1.23x	1.85x
EV/EBITDA	-6.95x	--	--	--
Price to FCF (P/FCF)	43.93x	--	4.21x	4.23x
EV/FCF	67.52x	--	4.53x	4.5x
FCF Yield	2.28%	-10.59%	23.73%	23.65%