ORDS.QA 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	36.58B EUR	42.44B EUR	39.78B EUR
Enterprise Value	44.02B EUR	47.09B EUR	44.13B EUR
Valuation Multiples
Trailing P/E	9.6x	11.75x	10.67x
Forward P/E	9.68x	--	--
Price to Sales	1.45x	1.7x	1.62x
Price to Book	1.26x	1.47x	1.4x
EV/Revenue	1.75x	1.89x	1.8x
EV/EBITDA	4.92x	4.23x	4.05x
Price to FCF (P/FCF)	11.4x	16.73x	14.85x
EV/FCF	13.72x	18.56x	16.47x
FCF Yield	8.77%	5.98%	6.73%