PEG 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	36.02B EUR	40.42B EUR	40.31B EUR	40B EUR
Enterprise Value	60.29B EUR	64.9B EUR	64.31B EUR	64.07B EUR
Valuation Multiples
Trailing P/E	17.98x	20.09x	17.81x	26.28x
Forward P/E	15.47x	--	--	--
Price to Sales	2.87x	3.22x	3.15x	4.47x
Price to Book	2.08x	2.33x	2.33x	2.36x
EV/Revenue	4.81x	5.17x	5.03x	7.16x
EV/EBITDA	13.51x	14.22x	13.12x	18.88x
Price to FCF (P/FCF)	334.28x	146.44x	220.29x	--
EV/FCF	559.56x	235.16x	351.41x	--
FCF Yield	0.3%	0.68%	0.45%	-0.99%