2286.SR 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	2.04B EUR	2.25B EUR	2.12B EUR	1.91B EUR
Enterprise Value	2.18B EUR	2.45B EUR	2.35B EUR	2.22B EUR
Valuation Multiples
Trailing P/E	9.45x	10.31x	12.68x	11.43x
Forward P/E	--	--	--	--
Price to Sales	2.92x	3.24x	3.2x	3.91x
Price to Book	2.46x	2.71x	2.73x	2.4x
EV/Revenue	3.12x	3.54x	3.54x	4.55x
EV/EBITDA	8.08x	8.21x	10.29x	9.89x
Price to FCF (P/FCF)	18.85x	10.35x	10.74x	9.19x
EV/FCF	20.16x	11.31x	11.88x	10.69x
FCF Yield	5.31%	9.66%	9.31%	10.89%