WHR 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	1.88B EUR	2.56B EUR	3.5B EUR	4.05B EUR
Enterprise Value	8.71B EUR	9.37B EUR	9.98B EUR	10.57B EUR
Valuation Multiples
Trailing P/E	9.48x	13.66x	21.37x	16.47x
Forward P/E	8.01x	--	--	--
Price to Sales	0.13x	0.17x	0.23x	0.34x
Price to Book	0.5x	0.65x	0.93x	1.49x
EV/Revenue	0.58x	0.63x	0.66x	0.89x
EV/EBITDA	11.37x	11.81x	10.72x	13.66x
Price to FCF (P/FCF)	--	--	--	4.63x
EV/FCF	--	--	--	12.09x
FCF Yield	-25.82%	-12.88%	-5.08%	21.58%