MHH 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	80.84M EUR	92.99M EUR	68.26M EUR	81.61M EUR
Enterprise Value	46.53M EUR	59.51M EUR	36.84M EUR	47.5M EUR
Valuation Multiples
Trailing P/E	39.59x	44.77x	29.53x	39.85x
Forward P/E	6.97x	--	--	--
Price to Sales	0.46x	0.53x	0.37x	0.57x
Price to Book	0.88x	1.01x	0.75x	0.91x
EV/Revenue	0.26x	0.34x	0.2x	0.33x
EV/EBITDA	13.63x	12.61x	7.12x	10.99x
Price to FCF (P/FCF)	10.84x	9.79x	6.46x	5.92x
EV/FCF	6.24x	6.27x	3.49x	3.44x
FCF Yield	9.23%	10.21%	15.48%	16.9%