SGI 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	14.32B EUR	16.49B EUR	15.55B EUR	18.74B EUR
Enterprise Value	19.42B EUR	22.79B EUR	21.97B EUR	25.28B EUR
Valuation Multiples
Trailing P/E	24.78x	30.93x	29.82x	44.92x
Forward P/E	15.81x	--	--	--
Price to Sales	1.88x	2.17x	2.03x	3.19x
Price to Book	4.05x	5.11x	4.94x	6.03x
EV/Revenue	2.55x	2.99x	2.86x	4.31x
EV/EBITDA	15.24x	18.65x	18.3x	26.82x
Price to FCF (P/FCF)	20.81x	21.45x	21.1x	34.02x
EV/FCF	28.23x	29.64x	29.82x	45.9x
FCF Yield	4.8%	4.66%	4.74%	2.94%