INNV 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	1.24B EUR	1.61B EUR	1.09B EUR	704.28M EUR
Enterprise Value	1.22B EUR	1.6B EUR	1.09B EUR	716.44M EUR
Valuation Multiples
Trailing P/E	--	--	--	39.45x
Forward P/E	18.2x	--	--	--
Price to Sales	1.25x	1.63x	1.15x	1.01x
Price to Book	5.25x	6.84x	4.75x	2.74x
EV/Revenue	1.24x	1.62x	1.14x	1.03x
EV/EBITDA	45.4x	55.55x	76.64x	18.78x
Price to FCF (P/FCF)	25.1x	31.98x	25.57x	25.13x
EV/FCF	24.7x	31.76x	25.53x	25.56x
FCF Yield	3.98%	3.13%	3.91%	3.98%