IPGP 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	3.32B EUR	4.99B EUR	4.86B EUR	3.02B EUR
Enterprise Value	2.45B EUR	4.61B EUR	4.4B EUR	2.63B EUR
Valuation Multiples
Trailing P/E	120.42x	181.07x	168.16x	110.33x
Forward P/E	33.93x	--	--	--
Price to Sales	3.11x	4.67x	4.67x	3.89x
Price to Book	1.57x	2.35x	2.3x	1.42x
EV/Revenue	2.29x	4.31x	4.22x	3.39x
EV/EBITDA	23.49x	32.04x	39.06x	33.77x
Price to FCF (P/FCF)	73.31x	239.93x	--	380.89x
EV/FCF	54.1x	221.52x	--	332.08x
FCF Yield	1.36%	0.42%	-0.28%	0.26%