MMSI 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	5.21B EUR	4.14B EUR	4.11B EUR	5.24B EUR
Enterprise Value	5.46B EUR	4.51B EUR	4.45B EUR	5.61B EUR
Valuation Multiples
Trailing P/E	35.89x	28.44x	29.51x	53.26x
Forward P/E	18.91x	--	--	--
Price to Sales	3.3x	2.62x	2.67x	4.51x
Price to Book	3.1x	2.46x	2.53x	3.31x
EV/Revenue	3.46x	2.86x	2.88x	4.84x
EV/EBITDA	16.11x	12.47x	12.76x	21.99x
Price to FCF (P/FCF)	29.94x	20.73x	18.91x	27.07x
EV/FCF	31.41x	22.59x	20.45x	29.01x
FCF Yield	3.34%	4.82%	5.29%	3.69%