ADS.DE 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	26.23B EUR	31.41B EUR	23.92B EUR	30.2B EUR
Enterprise Value	31.04B EUR	36.23B EUR	29B EUR	34.43B EUR
Valuation Multiples
Trailing P/E	18.83x	22.77x	17.17x	33.15x
Forward P/E	12.91x	--	--	--
Price to Sales	1.01x	1.21x	0.95x	1.62x
Price to Book	4.4x	5.27x	4x	5.23x
EV/Revenue	1.19x	1.39x	1.15x	1.85x
EV/EBITDA	11.65x	10.77x	8.73x	14.81x
Price to FCF (P/FCF)	27.55x	17.12x	28.11x	23.73x
EV/FCF	32.6x	19.75x	34.08x	27.05x
FCF Yield	3.63%	5.84%	3.56%	4.21%