AB 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	3.22B EUR	3.28B EUR	3.5B EUR	3.55B EUR
Enterprise Value	--	3.28B EUR	3.5B EUR	3.55B EUR
Valuation Multiples
Trailing P/E	10.36x	13.61x	11.24x	11.84x
Forward P/E	9.25x	--	--	--
Price to Sales	40.2x	12.44x	10.22x	10.67x
Price to Book	2.61x	--	2.77x	2.87x
EV/Revenue	--	12.44x	10.22x	10.67x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.83x	10.74x	10.08x
EV/FCF	--	13.83x	10.74x	10.08x
FCF Yield	--	7.23%	9.31%	9.92%