IRTC 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	3.52B EUR	3.92B EUR	3.88B EUR	5.73B EUR
Enterprise Value	3.52B EUR	4.44B EUR	4.37B EUR	6.23B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	83.26x	--	--	--
Price to Sales	4.26x	4.75x	4.92x	9.74x
Price to Book	18.9x	21.07x	24.05x	37.52x
EV/Revenue	4.26x	5.38x	5.54x	10.58x
EV/EBITDA	198.82x	103.96x	256.3x	290.32x
Price to FCF (P/FCF)	42.98x	100.54x	206.76x	110.57x
EV/FCF	42.99x	114.02x	232.85x	120.12x
FCF Yield	2.33%	0.99%	0.48%	0.9%