KDP 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	43.22B EUR	44.54B EUR	35.82B EUR	38.06B EUR
Enterprise Value	83.16B EUR	73B EUR	60.63B EUR	53.17B EUR
Valuation Multiples
Trailing P/E	32.08x	31.21x	19.55x	24.36x
Forward P/E	12.55x	--	--	--
Price to Sales	2.15x	2.22x	2.11x	2.93x
Price to Book	1.73x	1.78x	1.42x	1.49x
EV/Revenue	4.14x	3.63x	3.58x	4.1x
EV/EBITDA	17.3x	17.04x	14.98x	16.5x
Price to FCF (P/FCF)	9.38x	22.67x	22.73x	26.93x
EV/FCF	18.05x	37.15x	38.47x	37.63x
FCF Yield	10.66%	4.41%	4.4%	3.71%