INSTAL.ST Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	11.09B EUR	10.27B EUR	8.36B EUR
Enterprise Value	14.9B EUR	10.98B EUR	8.92B EUR
Valuation Multiples
Trailing P/E	28.88x	21.21x	21.56x
Forward P/E	17.14x	--	--
Price to Sales	0.79x	0.7x	0.6x
Price to Book	3.18x	2.94x	2.46x
EV/Revenue	1.06x	0.75x	0.64x
EV/EBITDA	14.9x	7.98x	7.27x
Price to FCF (P/FCF)	12.69x	10.36x	7.54x
EV/FCF	17.04x	11.08x	8.04x
FCF Yield	7.88%	9.65%	13.27%