5536.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	127.8B EUR	160.06B EUR	85.37B EUR	96.91B EUR
Enterprise Value	118.99B EUR	145.46B EUR	72.64B EUR	84.75B EUR
Valuation Multiples
Trailing P/E	25.81x	32.23x	19.11x	33.6x
Forward P/E	14.86x	--	--	--
Price to Sales	2.72x	3.41x	1.92x	2.94x
Price to Book	7.69x	9.64x	6.52x	7.39x
EV/Revenue	2.53x	3.09x	1.63x	2.57x
EV/EBITDA	15.61x	17.88x	9.65x	16.66x
Price to FCF (P/FCF)	22.24x	24.95x	11.74x	16.71x
EV/FCF	20.7x	22.67x	9.99x	14.62x
FCF Yield	4.5%	4.01%	8.52%	5.98%