CMI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	72.22B EUR	74.24B EUR	70.51B EUR
Enterprise Value	77.06B EUR	79.87B EUR	75.78B EUR
Valuation Multiples
Trailing P/E	26.74x	27.77x	24.8x
Forward P/E	15.04x	--	--
Price to Sales	2.08x	2.19x	2.09x
Price to Book	5.61x	6.01x	5.71x
EV/Revenue	2.22x	2.36x	2.25x
EV/EBITDA	15.35x	14.01x	13.38x
Price to FCF (P/FCF)	32.4x	27.8x	29.55x
EV/FCF	34.57x	29.9x	31.76x
FCF Yield	3.09%	3.6%	3.38%