GLP 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	1.67B EUR	1.58B EUR	1.43B EUR	1.41B EUR
Enterprise Value	3.68B EUR	3.56B EUR	3.66B EUR	3.48B EUR
Valuation Multiples
Trailing P/E	9.8x	8.08x	9.57x	17.82x
Forward P/E	19.67x	--	--	--
Price to Sales	0.08x	0.07x	0.07x	0.1x
Price to Book	2.49x	2.11x	2.01x	2.09x
EV/Revenue	0.17x	0.17x	0.19x	0.25x
EV/EBITDA	7.83x	7.49x	8.55x	12.02x
Price to FCF (P/FCF)	12.24x	7.91x	11.33x	5.38x
EV/FCF	26.99x	17.86x	28.97x	13.23x
FCF Yield	8.17%	12.65%	8.83%	18.6%