MBRFY 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	5.13B EUR	4.8B EUR	5.68B EUR	5.14B EUR
Enterprise Value	58.52B EUR	73.62B EUR	75.08B EUR	76.27B EUR
Valuation Multiples
Trailing P/E	73.8x	13.15x	14.87x	19.02x
Forward P/E	--	--	--	--
Price to Sales	0.03x	0.03x	0.03x	0.04x
Price to Book	2.3x	0.42x	0.5x	0.45x
EV/Revenue	0.35x	0.44x	0.46x	0.61x
EV/EBITDA	5.53x	5.11x	5.19x	6.82x
Price to FCF (P/FCF)	5.27x	1x	1.01x	0.96x
EV/FCF	60.04x	15.31x	13.33x	14.24x
FCF Yield	18.99%	100.25%	99.25%	104.15%