PAGS 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	3.08B EUR	2.49B EUR	2.8B EUR	2.7B EUR
Enterprise Value	3.33B EUR	46.16B EUR	45.17B EUR	43.95B EUR
Valuation Multiples
Trailing P/E	7.86x	1.16x	1.31x	1.69x
Forward P/E	5.85x	--	--	--
Price to Sales	0.16x	0.12x	0.14x	0.17x
Price to Book	1.03x	0.17x	0.19x	0.18x
EV/Revenue	0.17x	2.24x	2.2x	2.82x
EV/EBITDA	0.36x	5.13x	5.04x	6.71x
Price to FCF (P/FCF)	--	0.65x	0.55x	0.57x
EV/FCF	--	11.94x	8.89x	9.32x
FCF Yield	-60.34%	154.96%	181.44%	174.96%