ZM Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026
Market & Enterprise Value
Market Cap	28.52B EUR	28.08B EUR	28.51B EUR
Enterprise Value	20.43B EUR	27.21B EUR	27.68B EUR
Valuation Multiples
Trailing P/E	9.07x	8.63x	13.77x
Forward P/E	15.41x	--	--
Price to Sales	5.71x	5.62x	5.78x
Price to Book	2.53x	2.48x	2.86x
EV/Revenue	4.09x	5.45x	5.61x
EV/EBITDA	15.32x	--	147.97x
Price to FCF (P/FCF)	14.44x	14.59x	14.54x
EV/FCF	10.34x	14.14x	14.12x
FCF Yield	6.93%	6.85%	6.88%