VRRM 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	446.83M EUR	645.92M EUR	2.17B EUR	3.44B EUR
Enterprise Value	1.48B EUR	1.68B EUR	3.23B EUR	4.44B EUR
Valuation Multiples
Trailing P/E	10.89x	14.59x	16.57x	33x
Forward P/E	3.1x	--	--	--
Price to Sales	0.44x	0.64x	2.22x	4.55x
Price to Book	2x	2.89x	7.98x	11.75x
EV/Revenue	1.47x	1.67x	3.29x	5.88x
EV/EBITDA	4.13x	4.42x	8.64x	15.43x
Price to FCF (P/FCF)	10.32x	6.67x	20.75x	36.23x
EV/FCF	34.13x	17.38x	30.83x	46.77x
FCF Yield	9.69%	15%	4.82%	2.76%