2903.TW 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	31.2B EUR	32.4B EUR	31.98B EUR	30.99B EUR
Enterprise Value	81.63B EUR	83.15B EUR	86.15B EUR	85.14B EUR
Valuation Multiples
Trailing P/E	14.97x	15.44x	14.05x	17.98x
Forward P/E	20.14x	--	--	--
Price to Sales	0.92x	0.95x	0.94x	1.21x
Price to Book	1.04x	1.08x	1.02x	1x
EV/Revenue	2.4x	2.44x	2.53x	3.33x
EV/EBITDA	13.02x	7.92x	8.14x	10.59x
Price to FCF (P/FCF)	7.71x	5.56x	4.6x	3.35x
EV/FCF	20.16x	14.26x	12.41x	9.2x
FCF Yield	12.98%	18%	21.72%	29.87%