CRS 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	19.12B EUR	30.6B EUR	19.58B EUR	15.68B EUR
Enterprise Value	19.52B EUR	30.91B EUR	19.99B EUR	16.15B EUR
Valuation Multiples
Trailing P/E	36.67x	57.76x	40.88x	46.19x
Forward P/E	24.29x	--	--	--
Price to Sales	6.12x	9.79x	6.47x	7.07x
Price to Book	8.59x	13.74x	9.47x	7.9x
EV/Revenue	6.25x	9.89x	6.6x	7.28x
EV/EBITDA	23.63x	36.02x	25.03x	28.17x
Price to FCF (P/FCF)	80.07x	84.46x	48.07x	55.49x
EV/FCF	81.74x	85.3x	49.06x	57.14x
FCF Yield	1.25%	1.18%	2.08%	1.8%