KE 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	688.09M EUR	613.56M EUR	569.72M EUR	673.51M EUR
Enterprise Value	734.16M EUR	643.17M EUR	649.79M EUR	749.47M EUR
Valuation Multiples
Trailing P/E	25.38x	21.94x	21.89x	33.17x
Forward P/E	15.69x	--	--	--
Price to Sales	0.48x	0.43x	0.4x	0.62x
Price to Book	1.17x	1.05x	0.99x	1.16x
EV/Revenue	0.51x	0.45x	0.45x	0.69x
EV/EBITDA	7.74x	7.05x	6.99x	10.56x
Price to FCF (P/FCF)	12.96x	29.8x	10.34x	12.33x
EV/FCF	13.82x	31.23x	11.8x	13.72x
FCF Yield	7.72%	3.36%	9.67%	8.11%