SPEC.KW 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	53.06M EUR	49.34B EUR	29.18B EUR	31.09B EUR
Enterprise Value	55M EUR	49.35B EUR	29.18B EUR	31.09B EUR
Valuation Multiples
Trailing P/E	26x	19,305.55x	11,934.21x	18,451.05x
Forward P/E	--	--	--	--
Price to Sales	1.93x	1,790.68x	1,135.52x	1,567.78x
Price to Book	1,485.71x	1,380.58x	818.85x	891.42x
EV/Revenue	2x	1,790.92x	1,135.69x	1,568.05x
EV/EBITDA	14.13x	11,442.02x	6,970.68x	10,315.9x
Price to FCF (P/FCF)	373.17x	30,813.97x	6,943.12x	12,326.43x
EV/FCF	386.84x	30,818.06x	6,944.16x	12,328.5x
FCF Yield	0.27%	0%	0.01%	0.01%