NAVI 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	854.37M EUR	798.1M EUR	768.76M EUR	1.24B EUR
Enterprise Value	44.5B EUR	43.94B EUR	44.79B EUR	45.77B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	9.37x	--	--	--
Price to Sales	2.56x	1.33x	1.27x	2.74x
Price to Book	0.36x	0.33x	0.32x	0.52x
EV/Revenue	133.24x	73.23x	73.92x	100.83x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.35x	2.38x	3.36x
EV/FCF	--	129.22x	138.68x	123.72x
FCF Yield	--	42.6%	42.02%	29.75%