FDS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	10.21B EUR	8.78B EUR	7.94B EUR	10.33B EUR
Enterprise Value	11.42B EUR	10.06B EUR	9.23B EUR	11.61B EUR
Valuation Multiples
Trailing P/E	19.71x	15.52x	13.52x	22.71x
Forward P/E	13.23x	--	--	--
Price to Sales	4.12x	3.6x	3.31x	5.77x
Price to Book	5.06x	4.32x	3.73x	4.76x
EV/Revenue	4.61x	4.13x	3.84x	6.49x
EV/EBITDA	12.97x	10.53x	9.44x	15.44x
Price to FCF (P/FCF)	15.92x	12.4x	11.63x	20.77x
EV/FCF	17.8x	14.21x	13.52x	23.35x
FCF Yield	6.28%	8.07%	8.6%	4.81%