RRR 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	5.05B EUR	3.85B EUR	3.12B EUR	3.66B EUR
Enterprise Value	6.54B EUR	7.35B EUR	6.59B EUR	6.96B EUR
Valuation Multiples
Trailing P/E	17.49x	22.77x	16.75x	25.54x
Forward P/E	12.64x	--	--	--
Price to Sales	2.52x	1.92x	1.54x	2.42x
Price to Book	16.76x	22.49x	21.86x	17.57x
EV/Revenue	3.26x	3.66x	3.26x	4.6x
EV/EBITDA	8.28x	9.43x	8.14x	11.51x
Price to FCF (P/FCF)	29.18x	19.93x	12.31x	15.86x
EV/FCF	37.78x	38.06x	26.01x	30.15x
FCF Yield	3.43%	5.02%	8.12%	6.31%