GFF 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	4.1B EUR	4.44B EUR	3.35B EUR	3.43B EUR
Enterprise Value	5.4B EUR	5.66B EUR	4.72B EUR	4.88B EUR
Valuation Multiples
Trailing P/E	19.52x	24.78x	465.38x	--
Forward P/E	14.86x	--	--	--
Price to Sales	1.6x	2x	1.54x	1.95x
Price to Book	31.9x	34.34x	35.49x	31.5x
EV/Revenue	2.11x	2.56x	2.16x	2.77x
EV/EBITDA	10.66x	11.7x	9.81x	12.49x
Price to FCF (P/FCF)	9.22x	16.02x	11.58x	12.41x
EV/FCF	12.14x	20.45x	16.3x	17.67x
FCF Yield	10.84%	6.24%	8.63%	8.06%