PG 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	351.52B EUR	340.77B EUR	336.34B EUR	333.05B EUR
Enterprise Value	376.11B EUR	365.85B EUR	361.06B EUR	358.87B EUR
Valuation Multiples
Trailing P/E	22.84x	21.24x	20.24x	26.26x
Forward P/E	20.45x	--	--	--
Price to Sales	4.04x	3.92x	3.88x	5.09x
Price to Book	6.59x	6.3x	6.17x	6.28x
EV/Revenue	4.32x	4.2x	4.16x	5.48x
EV/EBITDA	15.2x	14.99x	14.51x	19x
Price to FCF (P/FCF)	26.47x	22.5x	22.38x	27.75x
EV/FCF	28.32x	24.15x	24.03x	29.9x
FCF Yield	3.78%	4.44%	4.47%	3.6%