3105.TWO 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	246.31B EUR	180.6B EUR	149.02B EUR	77.58B EUR
Enterprise Value	253.6B EUR	187.71B EUR	155.41B EUR	83.3B EUR
Valuation Multiples
Trailing P/E	68.35x	50.03x	67.38x	46.23x
Forward P/E	56.81x	--	--	--
Price to Sales	12.88x	9.44x	8.44x	5.94x
Price to Book	5.62x	4.12x	3.64x	1.87x
EV/Revenue	13.26x	9.81x	8.8x	6.38x
EV/EBITDA	46.76x	24.34x	24.76x	17.3x
Price to FCF (P/FCF)	477.56x	1,398.25x	98.96x	35.2x
EV/FCF	491.69x	1,453.35x	103.2x	37.8x
FCF Yield	0.21%	0.07%	1.01%	2.84%