EMPOWER.AE 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	15.45B EUR	16.3B EUR	15B EUR	15.4B EUR
Enterprise Value	18.58B EUR	19.33B EUR	18.05B EUR	18.65B EUR
Valuation Multiples
Trailing P/E	14.05x	21.01x	19.37x	21.68x
Forward P/E	13.41x	--	--	--
Price to Sales	4.43x	6.8x	6.2x	6.61x
Price to Book	4.63x	4.88x	4.87x	4.65x
EV/Revenue	5.33x	8.07x	7.46x	8x
EV/EBITDA	11.28x	14.96x	13.93x	15.14x
Price to FCF (P/FCF)	15.59x	11.08x	10.48x	13.62x
EV/FCF	18.75x	13.15x	12.62x	16.49x
FCF Yield	6.41%	9.02%	9.54%	7.34%