IEP 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	4.66B EUR	5.13B EUR	4.81B EUR	4.81B EUR
Enterprise Value	10.67B EUR	10.29B EUR	9.9B EUR	9.98B EUR
Valuation Multiples
Trailing P/E	--	--	--	39.11x
Forward P/E	8.1x	--	--	--
Price to Sales	0.45x	0.49x	0.5x	0.68x
Price to Book	2.57x	2.39x	2.05x	1.4x
EV/Revenue	1.03x	0.98x	1.03x	1.4x
EV/EBITDA	20.29x	11.48x	13.35x	12.97x
Price to FCF (P/FCF)	33.79x	--	--	--
EV/FCF	77.33x	--	--	--
FCF Yield	2.96%	-4.76%	-2.1%	-7.98%