MAPI.JK 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	25.73T EUR	25.32T EUR	20T EUR	19.34T EUR
Enterprise Value	32.5T EUR	29.82T EUR	23.2T EUR	22.06T EUR
Valuation Multiples
Trailing P/E	10.4x	12.22x	10.14x	10.64x
Forward P/E	11.24x	--	--	--
Price to Sales	0.54x	0.64x	0.53x	0.55x
Price to Book	1.68x	1.66x	1.37x	1.38x
EV/Revenue	0.68x	0.75x	0.61x	0.63x
EV/EBITDA	5.85x	4.78x	3.83x	3.89x
Price to FCF (P/FCF)	9.76x	9.75x	6.01x	9.02x
EV/FCF	12.32x	11.48x	6.97x	10.29x
FCF Yield	10.25%	10.26%	16.63%	11.09%