GNRC 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	13.29B EUR	17.28B EUR	11.48B EUR	8B EUR
Enterprise Value	14.38B EUR	18.53B EUR	12.7B EUR	9.5B EUR
Valuation Multiples
Trailing P/E	51.71x	66.92x	60.73x	69.15x
Forward P/E	17.34x	--	--	--
Price to Sales	2.99x	3.89x	2.65x	2.45x
Price to Book	4.61x	6x	4.29x	3.04x
EV/Revenue	3.24x	4.17x	2.94x	2.91x
EV/EBITDA	22.6x	29.42x	24.37x	26.9x
Price to FCF (P/FCF)	45.96x	45.56x	34.69x	33.21x
EV/FCF	49.75x	48.85x	38.39x	39.43x
FCF Yield	2.18%	2.2%	2.88%	3.01%