RBLAY 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	1.21B EUR	24.12B EUR	29.55B EUR	24.51B EUR
Enterprise Value	35.22B EUR	48.07B EUR	51.15B EUR	56.78B EUR
Valuation Multiples
Trailing P/E	5.19x	1.75x	2.18x	2.45x
Forward P/E	--	--	--	--
Price to Sales	0.02x	0.47x	0.59x	0.65x
Price to Book	0.41x	0.13x	0.16x	0.14x
EV/Revenue	0.69x	0.94x	1.03x	1.51x
EV/EBITDA	1.33x	1.77x	1.94x	2.89x
Price to FCF (P/FCF)	0.05x	1.8x	2.34x	4.11x
EV/FCF	1.47x	3.59x	4.06x	9.52x
FCF Yield	1,984.3%	55.52%	42.64%	24.34%