CURB 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	3.08B EUR	3.47B EUR	2.72B EUR	2.45B EUR
Enterprise Value	3.58B EUR	3.91B EUR	3.01B EUR	2.58B EUR
Valuation Multiples
Trailing P/E	96.46x	118.08x	82.88x	83.53x
Forward P/E	73x	--	--	--
Price to Sales	13.75x	15.47x	13.46x	16.96x
Price to Book	1.48x	1.66x	1.44x	1.28x
EV/Revenue	15.96x	17.44x	14.9x	17.89x
EV/EBITDA	26.94x	26.23x	22.24x	26.25x
Price to FCF (P/FCF)	20.24x	25.94x	22.57x	24.65x
EV/FCF	23.5x	29.24x	24.97x	25.99x
FCF Yield	4.94%	3.86%	4.43%	4.06%