LAND 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	408.93M EUR	367.95M EUR	425.94M EUR	347.84M EUR
Enterprise Value	869.99M EUR	831.44M EUR	901.54M EUR	794.29M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-31.08x	--	--	--
Price to Sales	4.62x	4.16x	4.84x	4.86x
Price to Book	0.61x	0.55x	0.62x	0.52x
EV/Revenue	9.83x	9.4x	10.23x	11.1x
EV/EBITDA	13x	14.48x	15.77x	17.69x
Price to FCF (P/FCF)	9.22x	14.83x	68.29x	--
EV/FCF	19.62x	33.52x	144.55x	--
FCF Yield	10.84%	6.74%	1.46%	-0.82%