LTMC.MI 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	5.67B EUR	5.7B EUR	5.83B EUR	5.33B EUR
Enterprise Value	7.96B EUR	7.75B EUR	7.77B EUR	7.25B EUR
Valuation Multiples
Trailing P/E	27.26x	25.88x	30.61x	43x
Forward P/E	10.93x	--	--	--
Price to Sales	2.48x	2.49x	2.58x	3.21x
Price to Book	25.47x	25.23x	17.11x	16.4x
EV/Revenue	3.48x	3.39x	3.43x	4.36x
EV/EBITDA	11.87x	9.34x	9.53x	11.85x
Price to FCF (P/FCF)	20.29x	14.18x	14.38x	19.78x
EV/FCF	28.49x	19.27x	19.16x	26.88x
FCF Yield	4.93%	7.05%	6.95%	5.06%