ZETA 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	8.31B EUR	4.93B EUR	3.96B EUR	4.98B EUR
Enterprise Value	8.2B EUR	4.81B EUR	3.87B EUR	4.86B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	27.38x	--	--	--
Price to Sales	5.29x	3.14x	2.76x	4.79x
Price to Book	8.94x	5.32x	4.5x	6.19x
EV/Revenue	5.22x	3.06x	2.69x	4.67x
EV/EBITDA	70.74x	37.64x	37.74x	56.76x
Price to FCF (P/FCF)	32.94x	24.39x	22.21x	36.34x
EV/FCF	32.52x	23.83x	21.7x	35.45x
FCF Yield	3.04%	4.1%	4.5%	2.75%