WTM 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	4.92B EUR	4.95B EUR	5.44B EUR	5.15B EUR
Enterprise Value	5.57B EUR	5.78B EUR	6.14B EUR	5.8B EUR
Valuation Multiples
Trailing P/E	4.72x	4.41x	5.21x	4.8x
Forward P/E	22.9x	--	--	--
Price to Sales	1.65x	1.66x	1.93x	2.23x
Price to Book	0.94x	0.92x	1.01x	0.95x
EV/Revenue	1.87x	1.94x	2.17x	2.52x
EV/EBITDA	7.44x	--	--	--
Price to FCF (P/FCF)	7.16x	12.75x	8.76x	8.72x
EV/FCF	8.11x	14.9x	9.88x	9.83x
FCF Yield	13.97%	7.84%	11.42%	11.46%