PAH3.DE 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	7.68B EUR	8.26B EUR	9.51B EUR	12.23B EUR
Enterprise Value	12.67B EUR	14.57B EUR	8.78B EUR	18.22B EUR
Valuation Multiples
Trailing P/E	80.94x	86.91x	3.39x	3.28x
Forward P/E	1.81x	--	--	--
Price to Sales	--	258.02x	3.25x	3.23x
Price to Book	0.22x	0.23x	0.26x	0.32x
EV/Revenue	--	455.17x	3x	4.81x
EV/EBITDA	-220.41x	264.83x	3x	4.81x
Price to FCF (P/FCF)	--	19.25x	13.25x	12.31x
EV/FCF	--	33.95x	12.23x	18.35x
FCF Yield	-5.51%	5.2%	7.55%	8.12%