MUR 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	5.55B EUR	4.67B EUR	5.91B EUR	4.46B EUR
Enterprise Value	7.46B EUR	6.45B EUR	7.83B EUR	6.29B EUR
Valuation Multiples
Trailing P/E	19.15x	15.87x	70.24x	143.02x
Forward P/E	12.16x	--	--	--
Price to Sales	1.85x	1.56x	2.15x	2.21x
Price to Book	1.05x	0.89x	1.16x	0.87x
EV/Revenue	2.49x	2.15x	2.85x	3.12x
EV/EBITDA	4.21x	3.65x	5.44x	6.13x
Price to FCF (P/FCF)	16.09x	15.24x	33.23x	16.7x
EV/FCF	21.64x	21.05x	44.03x	23.52x
FCF Yield	6.22%	6.56%	3.01%	5.99%