CQP 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	30.76B EUR	29.5B EUR	31.28B EUR	25.89B EUR
Enterprise Value	41.96B EUR	43.5B EUR	45.22B EUR	40.17B EUR
Valuation Multiples
Trailing P/E	11.53x	9.4x	12.36x	11.03x
Forward P/E	13.7x	--	--	--
Price to Sales	2.68x	2.57x	2.75x	3.33x
Price to Book	8.33x	39.13x	401.08x	62.53x
EV/Revenue	3.65x	3.78x	3.98x	5.17x
EV/EBITDA	9.2x	9.5x	11.38x	11.7x
Price to FCF (P/FCF)	13.92x	10.59x	11x	13.18x
EV/FCF	18.99x	15.62x	15.91x	20.45x
FCF Yield	7.18%	9.44%	9.09%	7.59%