6138.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	19.86B EUR	27.24B EUR	15.58B EUR	15.99B EUR
Enterprise Value	17.54B EUR	25.79B EUR	14.75B EUR	15.4B EUR
Valuation Multiples
Trailing P/E	17.68x	24.22x	15.12x	21x
Forward P/E	--	--	--	--
Price to Sales	2.5x	3.43x	2.03x	2.8x
Price to Book	5.29x	7.25x	4.56x	4.06x
EV/Revenue	2.21x	3.25x	1.92x	2.7x
EV/EBITDA	10.34x	13.31x	8.46x	12.23x
Price to FCF (P/FCF)	19.62x	20.02x	11.97x	18.57x
EV/FCF	17.33x	18.96x	11.34x	17.89x
FCF Yield	5.1%	4.99%	8.35%	5.39%