DU.AE Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	53.94B EUR	51.68B EUR	45.33B EUR
Enterprise Value	55.37B EUR	53.1B EUR	45.67B EUR
Valuation Multiples
Trailing P/E	17.5x	16.76x	15.07x
Forward P/E	16.41x	--	--
Price to Sales	3.3x	3.15x	2.81x
Price to Book	5.41x	5.18x	4.94x
EV/Revenue	3.39x	3.24x	2.83x
EV/EBITDA	11.04x	6.62x	5.82x
Price to FCF (P/FCF)	24.18x	51.31x	21.17x
EV/FCF	24.82x	52.72x	21.33x
FCF Yield	4.14%	1.95%	4.72%