ARLO 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	1.33B EUR	1.45B EUR	1.55B EUR	1.47B EUR
Enterprise Value	1.17B EUR	1.35B EUR	1.4B EUR	1.33B EUR
Valuation Multiples
Trailing P/E	44.29x	47.47x	50.51x	93.23x
Forward P/E	12.09x	--	--	--
Price to Sales	2.27x	2.47x	2.76x	3.58x
Price to Book	8.41x	9.15x	9.71x	11.49x
EV/Revenue	2x	2.31x	2.5x	3.24x
EV/EBITDA	81.13x	113.75x	150.46x	205.2x
Price to FCF (P/FCF)	21.35x	21.68x	24.09x	37.89x
EV/FCF	18.79x	20.25x	21.81x	34.29x
FCF Yield	4.68%	4.61%	4.15%	2.64%