RF-PC 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	--	20.85B EUR	20.08B EUR	20.37B EUR
Enterprise Value	26.37B EUR	18.35B EUR	14.07B EUR	14.34B EUR
Valuation Multiples
Trailing P/E	9.92x	9.34x	9.02x	12.22x
Forward P/E	--	--	--	--
Price to Sales	--	2.74x	2.64x	3.55x
Price to Book	1.17x	1.11x	1.07x	1.07x
EV/Revenue	3.64x	2.41x	1.85x	2.5x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	11.91x	10.28x	18.68x
EV/FCF	--	10.49x	7.2x	13.16x
FCF Yield	--	8.39%	9.73%	5.35%