CEG 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	105.61B EUR	88.25B EUR	101.09B EUR	110.32B EUR
Enterprise Value	125.35B EUR	112.25B EUR	122.75B EUR	115.67B EUR
Valuation Multiples
Trailing P/E	29.14x	25.47x	26.66x	50.12x
Forward P/E	22.38x	--	--	--
Price to Sales	3.38x	2.82x	3.38x	5.89x
Price to Book	3.31x	2.76x	3.02x	7.6x
EV/Revenue	4.01x	3.59x	4.11x	6.17x
EV/EBITDA	15.76x	16.19x	16.85x	26.7x
Price to FCF (P/FCF)	--	285.59x	88.91x	55.52x
EV/FCF	--	363.27x	107.96x	58.22x
FCF Yield	-6.27%	0.35%	1.12%	1.8%