PGMN3.SA 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	3.95B EUR	2.6B EUR	4.47B EUR	4.05B EUR
Enterprise Value	7.15B EUR	5.98B EUR	7.8B EUR	7.55B EUR
Valuation Multiples
Trailing P/E	11x	10.29x	19.28x	21.96x
Forward P/E	8.08x	--	--	--
Price to Sales	0.25x	0.22x	0.39x	0.37x
Price to Book	1.16x	0.76x	1.33x	1.31x
EV/Revenue	0.46x	0.51x	0.68x	0.68x
EV/EBITDA	7.61x	5.95x	8.23x	8.6x
Price to FCF (P/FCF)	--	39.95x	--	--
EV/FCF	--	91.83x	--	--
FCF Yield	-2.02%	2.5%	-0.86%	-0.42%