FAF 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	6.25B EUR	7B EUR	6.16B EUR	6.27B EUR
Enterprise Value	6.5B EUR	7.06B EUR	7.44B EUR	7.47B EUR
Valuation Multiples
Trailing P/E	8.48x	9.39x	9.15x	11.44x
Forward P/E	8.35x	--	--	--
Price to Sales	0.78x	0.88x	0.8x	1.07x
Price to Book	1.11x	1.24x	1.12x	1.14x
EV/Revenue	0.81x	0.88x	0.97x	1.27x
EV/EBITDA	4.74x	--	--	--
Price to FCF (P/FCF)	2.67x	8.41x	7.47x	7.31x
EV/FCF	2.78x	8.48x	9.03x	8.72x
FCF Yield	37.41%	11.9%	13.39%	13.68%