DECK 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	11.29B EUR	13.58B EUR	14.01B EUR	14.76B EUR
Enterprise Value	10.13B EUR	12.45B EUR	12.48B EUR	13.01B EUR
Valuation Multiples
Trailing P/E	11.72x	13.38x	13.68x	16.61x
Forward P/E	9.96x	--	--	--
Price to Sales	2.04x	2.46x	2.56x	3.39x
Price to Book	4.92x	5.9x	5.6x	5.65x
EV/Revenue	1.83x	2.25x	2.28x	2.99x
EV/EBITDA	7.64x	8.95x	8.88x	10.74x
Price to FCF (P/FCF)	12.95x	12.14x	12.77x	14.49x
EV/FCF	11.63x	11.13x	11.37x	12.77x
FCF Yield	7.72%	8.23%	7.83%	6.9%