4325.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	23.45B EUR	25.9B EUR	23.74B EUR	24.73B EUR
Enterprise Value	30.02B EUR	32.5B EUR	30.93B EUR	31.99B EUR
Valuation Multiples
Trailing P/E	27.63x	30.53x	27.33x	30.02x
Forward P/E	--	--	--	--
Price to Sales	8.6x	9.49x	9.57x	10.3x
Price to Book	1.45x	1.61x	1.49x	1.56x
EV/Revenue	11.01x	11.92x	12.47x	13.32x
EV/EBITDA	28.38x	30.28x	32.13x	37.21x
Price to FCF (P/FCF)	--	9.11x	9.02x	11.48x
EV/FCF	--	11.43x	11.75x	14.85x
FCF Yield	-4.26%	10.98%	11.09%	8.71%