UHS 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	10.45B EUR	8.76B EUR	10.92B EUR	13.31B EUR
Enterprise Value	15.62B EUR	13.89B EUR	15.93B EUR	18.34B EUR
Valuation Multiples
Trailing P/E	7.23x	5.74x	7.18x	11.36x
Forward P/E	7.39x	--	--	--
Price to Sales	0.58x	0.48x	0.61x	1x
Price to Book	1.39x	1.17x	1.46x	1.83x
EV/Revenue	0.86x	0.77x	0.9x	1.38x
EV/EBITDA	5.79x	4.92x	5.7x	8.59x
Price to FCF (P/FCF)	20.98x	10.81x	12.36x	18.92x
EV/FCF	31.35x	17.13x	18.03x	26.07x
FCF Yield	4.77%	9.25%	8.09%	5.28%