LECO 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	14.23B EUR	14.47B EUR	13.65B EUR	13.14B EUR
Enterprise Value	15.06B EUR	15.38B EUR	14.66B EUR	14.13B EUR
Valuation Multiples
Trailing P/E	26.09x	26.14x	25.34x	32.69x
Forward P/E	20.85x	--	--	--
Price to Sales	3.18x	3.23x	3.14x	4.07x
Price to Book	9.16x	9.31x	9.03x	8.94x
EV/Revenue	3.36x	3.43x	3.37x	4.38x
EV/EBITDA	17.02x	17.23x	16.93x	21.71x
Price to FCF (P/FCF)	46.35x	26.68x	31.12x	35.01x
EV/FCF	49.06x	28.35x	33.43x	37.62x
FCF Yield	2.16%	3.75%	3.21%	2.86%