PPLI 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	3.04B EUR	3.44B EUR	2.98B EUR	3.02B EUR
Enterprise Value	3.4B EUR	3.74B EUR	3.29B EUR	3.49B EUR
Valuation Multiples
Trailing P/E	7.56x	10.22x	72.98x	26.82x
Forward P/E	16.62x	--	--	--
Price to Sales	1.28x	1.64x	1.42x	1.8x
Price to Book	0.6x	0.68x	0.66x	0.64x
EV/Revenue	1.43x	1.78x	1.57x	2.08x
EV/EBITDA	20x	19.41x	15.98x	17.36x
Price to FCF (P/FCF)	39.83x	--	52.98x	61.84x
EV/FCF	44.44x	--	58.45x	71.36x
FCF Yield	2.51%	-5.31%	1.89%	1.62%