GSBC 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	836.33M EUR	853.45M EUR	686.47M EUR	680.99M EUR
Enterprise Value	1.2B EUR	1.14B EUR	995.5M EUR	848.14M EUR
Valuation Multiples
Trailing P/E	13.07x	12.68x	9.63x	12.65x
Forward P/E	13.58x	--	--	--
Price to Sales	3.69x	3.77x	3x	3.93x
Price to Book	1.3x	1.33x	1.08x	1.07x
EV/Revenue	5.29x	5.06x	4.35x	4.89x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	19.36x	8.93x	11.95x
EV/FCF	--	25.97x	12.95x	14.88x
FCF Yield	--	5.17%	11.2%	8.37%