SIRI 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	8.94B EUR	9.94B EUR	7.75B EUR	6.7B EUR
Enterprise Value	18.36B EUR	19.22B EUR	17.43B EUR	16.31B EUR
Valuation Multiples
Trailing P/E	10.6x	11.3x	9.17x	11.15x
Forward P/E	7.95x	--	--	--
Price to Sales	1.04x	1.16x	0.9x	1.03x
Price to Book	0.75x	0.84x	0.66x	0.58x
EV/Revenue	2.13x	2.23x	2.03x	2.51x
EV/EBITDA	7.26x	7.56x	6.82x	8.36x
Price to FCF (P/FCF)	7.53x	6.42x	5.71x	5.62x
EV/FCF	15.48x	12.41x	12.83x	13.68x
FCF Yield	13.27%	15.58%	17.51%	17.79%