VREX 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	783.88M EUR	439.6M EUR	447.17M EUR	488.36M EUR
Enterprise Value	1.07B EUR	714M EUR	737.17M EUR	764.36M EUR
Valuation Multiples
Trailing P/E	34.83x	19.89x	--	--
Forward P/E	17.25x	--	--	--
Price to Sales	0.91x	0.51x	0.52x	0.76x
Price to Book	1.57x	0.89x	0.94x	1.02x
EV/Revenue	1.24x	0.83x	0.86x	1.19x
EV/EBITDA	10.76x	7.49x	8.25x	10.6x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-5.04%	-4.6%	-6.89%	-4.73%