4966.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	42.9B EUR	48.03B EUR	36.58B EUR	45.59B EUR
Enterprise Value	32.84B EUR	37.98B EUR	26.01B EUR	35.08B EUR
Valuation Multiples
Trailing P/E	17.67x	28.82x	20.6x	23.86x
Forward P/E	13.18x	--	--	--
Price to Sales	2.6x	3.96x	3.05x	3.75x
Price to Book	1.94x	2.17x	1.64x	2.06x
EV/Revenue	1.99x	3.13x	2.17x	2.89x
EV/EBITDA	10.71x	16.99x	11.03x	14.05x
Price to FCF (P/FCF)	25.38x	32.4x	17.98x	20.06x
EV/FCF	19.43x	25.61x	12.79x	15.44x
FCF Yield	3.94%	3.09%	5.56%	4.98%