MQ Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	1.91B EUR	1.69B EUR	1.74B EUR
Enterprise Value	1.12B EUR	1.01B EUR	1.08B EUR
Valuation Multiples
Trailing P/E	181.1x	162.83x	800.85x
Forward P/E	36.22x	--	--
Price to Sales	2.81x	2.5x	2.67x
Price to Book	2.63x	2.36x	2.34x
EV/Revenue	1.66x	1.5x	1.65x
EV/EBITDA	65.53x	48.79x	220.41x
Price to FCF (P/FCF)	12.47x	10.11x	14.81x
EV/FCF	7.34x	6.07x	9.19x
FCF Yield	8.02%	9.89%	6.75%