NDX1.DE 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	8.39B EUR	10.94B EUR	10.79B EUR
Enterprise Value	6.93B EUR	9.49B EUR	8.99B EUR
Valuation Multiples
Trailing P/E	22.28x	28.8x	39.02x
Forward P/E	14.16x	--	--
Price to Sales	1.05x	1.34x	1.45x
Price to Book	5.78x	7.53x	8.11x
EV/Revenue	0.87x	1.16x	1.21x
EV/EBITDA	8.69x	11.88x	13.79x
Price to FCF (P/FCF)	18.62x	13.78x	17.96x
EV/FCF	15.38x	11.96x	14.97x
FCF Yield	5.37%	7.26%	5.57%