LTM.SN 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	14T EUR	15.42T EUR	13.1T EUR	14.01T EUR
Enterprise Value	14.01T EUR	15.43T EUR	13.1T EUR	14.01T EUR
Valuation Multiples
Trailing P/E	9.75x	9,859.42x	7,793.17x	12,677.81x
Forward P/E	25.66x	--	--	--
Price to Sales	881.7x	971.39x	873.35x	1,282.92x
Price to Book	8,126.67x	7,706.87x	6,770.79x	10,408.14x
EV/Revenue	882.1x	971.79x	873.74x	1,283.47x
EV/EBITDA	3,794.77x	6,367.26x	4,980.55x	7,818.09x
Price to FCF (P/FCF)	10,268.32x	10,839.82x	8,849.81x	11,920.79x
EV/FCF	10,272.98x	10,844.3x	8,853.77x	11,925.84x
FCF Yield	0.01%	0.01%	0.01%	0.01%