MTSI 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	25.21B EUR	29.06B EUR	16.94B EUR	12.85B EUR
Enterprise Value	24.36B EUR	29.34B EUR	17.22B EUR	13.26B EUR
Valuation Multiples
Trailing P/E	105.11x	120.6x	95.86x	98.51x
Forward P/E	38.88x	--	--	--
Price to Sales	21.66x	24.96x	15.78x	16.37x
Price to Book	16.36x	18.86x	11.95x	9.5x
EV/Revenue	20.93x	25.21x	16.04x	16.89x
EV/EBITDA	88.24x	92.95x	62.32x	65.61x
Price to FCF (P/FCF)	241.56x	234.76x	114.2x	149.44x
EV/FCF	233.43x	237.09x	116.08x	154.23x
FCF Yield	0.41%	0.43%	0.88%	0.67%