600925.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	29.14B EUR	27.62B EUR	32.03B EUR	31.28B EUR
Enterprise Value	37.96B EUR	34.7B EUR	38.25B EUR	37.67B EUR
Valuation Multiples
Trailing P/E	141x	305.1x	257.56x	239.64x
Forward P/E	--	--	--	--
Price to Sales	2.03x	2.48x	3.25x	3.3x
Price to Book	1.9x	1.8x	2.06x	2.04x
EV/Revenue	2.65x	3.11x	3.88x	3.97x
EV/EBITDA	12.11x	24.78x	27.9x	37.53x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-4.48%	-0.94%	-5.65%	-4.89%