VNA.DE 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	13.84B EUR	18.32B EUR	18.29B EUR	20.82B EUR
Enterprise Value	59.75B EUR	59.27B EUR	17.31B EUR	60.81B EUR
Valuation Multiples
Trailing P/E	3.72x	4.74x	5.31x	6.44x
Forward P/E	8.9x	--	--	--
Price to Sales	2.32x	3.45x	3.47x	5.25x
Price to Book	0.51x	0.67x	0.66x	0.76x
EV/Revenue	10.02x	11.17x	3.28x	15.32x
EV/EBITDA	24.38x	13.27x	4.36x	18.39x
Price to FCF (P/FCF)	9.44x	9.27x	8.33x	12.66x
EV/FCF	40.76x	29.99x	7.88x	36.99x
FCF Yield	10.59%	10.79%	12.01%	7.9%