6469.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	10.56B EUR	11.91B EUR	12.91B EUR	14.85B EUR
Enterprise Value	14B EUR	17.68B EUR	18.34B EUR	20.15B EUR
Valuation Multiples
Trailing P/E	21.08x	23.1x	22.81x	33.71x
Forward P/E	17.08x	--	--	--
Price to Sales	0.56x	0.63x	0.68x	1.04x
Price to Book	2.72x	3.25x	3.62x	3.79x
EV/Revenue	0.74x	0.93x	0.96x	1.42x
EV/EBITDA	17.83x	11.11x	10.9x	15.7x
Price to FCF (P/FCF)	10x	20.51x	17.11x	15.61x
EV/FCF	13.25x	30.43x	24.31x	21.18x
FCF Yield	10%	4.88%	5.85%	6.41%