6548.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	71.35B EUR	77.44B EUR	43.11B EUR	41.26B EUR
Enterprise Value	70.93B EUR	81.12B EUR	45.73B EUR	43.3B EUR
Valuation Multiples
Trailing P/E	33.76x	48.56x	41.42x	41.73x
Forward P/E	35.79x	--	--	--
Price to Sales	4.76x	6.74x	4.14x	4.15x
Price to Book	5.51x	5.98x	3.82x	3.74x
EV/Revenue	4.73x	7.06x	4.39x	4.36x
EV/EBITDA	26.4x	30.54x	23.28x	22.82x
Price to FCF (P/FCF)	--	349.15x	107.45x	38.75x
EV/FCF	--	365.75x	113.99x	40.66x
FCF Yield	-0.16%	0.29%	0.93%	2.58%