MIR 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	4.14B EUR	4.47B EUR	4.54B EUR	5.73B EUR
Enterprise Value	4.8B EUR	5.28B EUR	5.38B EUR	6.55B EUR
Valuation Multiples
Trailing P/E	184.67x	182.25x	181.01x	201.05x
Forward P/E	24.64x	--	--	--
Price to Sales	4.04x	4.36x	4.63x	7.92x
Price to Book	2.21x	2.45x	2.47x	3.07x
EV/Revenue	4.69x	5.15x	5.48x	9.06x
EV/EBITDA	21.67x	24.13x	26.24x	41.65x
Price to FCF (P/FCF)	35.88x	33.4x	50.93x	71.8x
EV/FCF	41.64x	39.49x	60.31x	82.1x
FCF Yield	2.79%	2.99%	1.96%	1.39%