600867.SS 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	15.43B EUR	15.75B EUR	18.59B EUR	16B EUR
Enterprise Value	13.69B EUR	15.11B EUR	17.53B EUR	15.09B EUR
Valuation Multiples
Trailing P/E	11.94x	50.39x	73.69x	68.21x
Forward P/E	21.89x	--	--	--
Price to Sales	4.97x	6.79x	8.31x	7.47x
Price to Book	2.11x	2.3x	2.57x	2.25x
EV/Revenue	4.41x	6.51x	7.83x	7.05x
EV/EBITDA	14.17x	28.87x	36.05x	34.82x
Price to FCF (P/FCF)	--	37.06x	45.3x	61.73x
EV/FCF	--	35.57x	42.72x	58.22x
FCF Yield	-1.69%	2.7%	2.21%	1.62%