2026.HK Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	19.75B EUR	23.72B EUR	28.98B EUR
Enterprise Value	18.65B EUR	23.41B EUR	28.67B EUR
Valuation Multiples
Trailing P/E	--	--	--
Forward P/E	-10.39x	--	--
Price to Sales	157.94x	189.7x	262.83x
Price to Book	1.59x	15.05x	17.95x
EV/Revenue	149.15x	187.23x	260.01x
EV/EBITDA	-71.46x	--	--
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-1.38%	-1.04%	-0.79%