LSG.OL 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	24.8B EUR	22.81B EUR	29.3B EUR	30.22B EUR
Enterprise Value	36.34B EUR	33.29B EUR	39.05B EUR	40.59B EUR
Valuation Multiples
Trailing P/E	34.99x	32.1x	28.24x	40.35x
Forward P/E	10.72x	--	--	--
Price to Sales	0.74x	0.68x	0.85x	1.14x
Price to Book	1.43x	1.31x	1.54x	1.61x
EV/Revenue	1.08x	0.99x	1.13x	1.54x
EV/EBITDA	11.64x	8.86x	9.1x	12.15x
Price to FCF (P/FCF)	13.55x	8.04x	12.88x	18.83x
EV/FCF	19.86x	11.73x	17.17x	25.29x
FCF Yield	7.38%	12.44%	7.76%	5.31%