CEPU 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	1.89B EUR	22.29B EUR	25.24B EUR	26.25B EUR
Enterprise Value	860.49B EUR	1.04T EUR	744.01B EUR	481.59B EUR
Valuation Multiples
Trailing P/E	5.54x	0.05x	0.06x	0.11x
Forward P/E	7.53x	--	--	--
Price to Sales	0x	0.01x	0.02x	0.03x
Price to Book	0.97x	0.01x	0.01x	0.01x
EV/Revenue	0.51x	0.62x	0.62x	0.57x
EV/EBITDA	1.24x	1.69x	1.57x	1.54x
Price to FCF (P/FCF)	--	0.36x	0.3x	0.23x
EV/FCF	--	17x	8.9x	4.17x
FCF Yield	-2,214.13%	274.57%	331.02%	440.27%