VRT 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	93.47B EUR	128.88B EUR	96.21B EUR	61.98B EUR
Enterprise Value	94.06B EUR	129.41B EUR	97.33B EUR	63.48B EUR
Valuation Multiples
Trailing P/E	54.93x	74.41x	61.74x	53.05x
Forward P/E	26.45x	--	--	--
Price to Sales	8.14x	11.23x	8.87x	7.56x
Price to Book	19.64x	27.09x	22.67x	15.73x
EV/Revenue	8.19x	11.27x	8.98x	7.75x
EV/EBITDA	35.11x	49.52x	40.9x	34.52x
Price to FCF (P/FCF)	34.66x	44.08x	42.28x	38.19x
EV/FCF	34.88x	44.26x	42.77x	39.11x
FCF Yield	2.89%	2.27%	2.37%	2.62%