DLR-PK 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	--	7.68B EUR	8.2B EUR
Enterprise Value	28.44B EUR	24.47B EUR	24.4B EUR
Valuation Multiples
Trailing P/E	4.18x	5.57x	6.27x
Forward P/E	--	--	--
Price to Sales	--	1.21x	1.34x
Price to Book	0.28x	0.33x	0.36x
EV/Revenue	4.21x	3.86x	3.99x
EV/EBITDA	8.86x	7.98x	8.28x
Price to FCF (P/FCF)	--	3.02x	3.4x
EV/FCF	7.55x	9.61x	10.12x
FCF Yield	--	33.14%	29.41%