IRMD 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	1.12B EUR	1.22B EUR	1.23B EUR	1.24B EUR
Enterprise Value	1.04B EUR	1.16B EUR	1.17B EUR	1.19B EUR
Valuation Multiples
Trailing P/E	48.85x	53x	52.12x	69.88x
Forward P/E	35.65x	--	--	--
Price to Sales	12.95x	14.15x	14.26x	19.34x
Price to Book	10.99x	12.01x	12.49x	13.14x
EV/Revenue	12.04x	13.47x	13.61x	18.54x
EV/EBITDA	35.6x	39.84x	39.96x	54.97x
Price to FCF (P/FCF)	69.04x	49.78x	51.33x	76.99x
EV/FCF	64.16x	47.37x	48.98x	73.82x
FCF Yield	1.45%	2.01%	1.95%	1.3%