LAUR 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	5.44B EUR	5B EUR	4.88B EUR	4.81B EUR
Enterprise Value	5.97B EUR	5.58B EUR	5.44B EUR	5.18B EUR
Valuation Multiples
Trailing P/E	17.94x	15.56x	17.45x	15.98x
Forward P/E	16.24x	--	--	--
Price to Sales	2.97x	2.73x	2.81x	3.28x
Price to Book	4.76x	4.38x	4.65x	4.05x
EV/Revenue	3.26x	3.05x	3.13x	3.54x
EV/EBITDA	11.2x	9.53x	9.88x	9.52x
Price to FCF (P/FCF)	15.82x	17.46x	18.5x	22.92x
EV/FCF	17.37x	19.46x	20.65x	24.68x
FCF Yield	6.32%	5.73%	5.4%	4.36%