4931.TWO 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	16.03B EUR	15.67B EUR	8.56B EUR	11.8B EUR
Enterprise Value	15.16B EUR	15.4B EUR	7.96B EUR	11.14B EUR
Valuation Multiples
Trailing P/E	40.89x	40.12x	40.71x	104.37x
Forward P/E	--	--	--	--
Price to Sales	4.95x	4.84x	3.31x	6.58x
Price to Book	9.95x	9.73x	6.44x	9.58x
EV/Revenue	4.69x	4.76x	3.08x	6.21x
EV/EBITDA	33.17x	28.65x	26.31x	65.43x
Price to FCF (P/FCF)	--	372.28x	54.1x	52.78x
EV/FCF	--	365.91x	50.35x	49.84x
FCF Yield	-0.49%	0.27%	1.85%	1.89%