GPI 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	2.77B EUR	3.47B EUR	3.93B EUR	4.74B EUR
Enterprise Value	8.4B EUR	9.08B EUR	9.5B EUR	10.57B EUR
Valuation Multiples
Trailing P/E	9.7x	11.97x	12.03x	24.04x
Forward P/E	5.57x	--	--	--
Price to Sales	0.12x	0.16x	0.18x	0.28x
Price to Book	0.93x	1.18x	1.39x	1.7x
EV/Revenue	0.38x	0.41x	0.42x	0.62x
EV/EBITDA	8.17x	8.85x	8.81x	13.19x
Price to FCF (P/FCF)	20.48x	20.88x	12.05x	14.9x
EV/FCF	62.18x	54.63x	29.12x	33.25x
FCF Yield	4.88%	4.79%	8.3%	6.71%