ACN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026
Market & Enterprise Value
Market Cap	127.93B EUR	114.46B EUR	128.33B EUR
Enterprise Value	126.43B EUR	112.68B EUR	127.28B EUR
Valuation Multiples
Trailing P/E	15.42x	14.69x	16.78x
Forward P/E	13.15x	--	--
Price to Sales	1.72x	1.57x	1.78x
Price to Book	3.95x	3.59x	4.11x
EV/Revenue	1.7x	1.54x	1.77x
EV/EBITDA	8.99x	8.5x	9.76x
Price to FCF (P/FCF)	11.44x	9.1x	10.27x
EV/FCF	11.31x	8.96x	10.18x
FCF Yield	8.74%	10.99%	9.74%