4502.T 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	9.33T EUR	8.14T EUR	9.3T EUR	7.64T EUR
Enterprise Value	14.31T EUR	12.62T EUR	13.59T EUR	11.84T EUR
Valuation Multiples
Trailing P/E	--	--	--	35.34x
Forward P/E	41.62x	--	--	--
Price to Sales	2.02x	1.76x	2.06x	2.24x
Price to Book	1.22x	1.08x	1.25x	1x
EV/Revenue	3.1x	2.73x	3.02x	3.47x
EV/EBITDA	11.45x	19.56x	19.49x	10.26x
Price to FCF (P/FCF)	17.24x	16.73x	19.12x	16.03x
EV/FCF	26.43x	25.93x	27.92x	24.84x
FCF Yield	5.8%	5.98%	5.23%	6.24%