LAMR 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	14.87B EUR	15.84B EUR	12.85B EUR	12.83B EUR
Enterprise Value	19.72B EUR	20.75B EUR	17.77B EUR	17.68B EUR
Valuation Multiples
Trailing P/E	26.73x	28.48x	23.38x	28.61x
Forward P/E	22.6x	--	--	--
Price to Sales	6.39x	6.81x	5.62x	7.28x
Price to Book	15.15x	16.13x	13.25x	12.68x
EV/Revenue	8.48x	8.92x	7.76x	10.04x
EV/EBITDA	18.63x	19.56x	17.04x	21.38x
Price to FCF (P/FCF)	26.62x	22.06x	18.37x	21.91x
EV/FCF	35.3x	28.9x	25.4x	30.2x
FCF Yield	3.76%	4.53%	5.44%	4.56%