DFM.AE Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	10.79B EUR	11.67B EUR	11.19B EUR
Enterprise Value	5.65B EUR	11.38B EUR	9.96B EUR
Valuation Multiples
Trailing P/E	16.88x	10.52x	11.11x
Forward P/E	15.76x	--	--
Price to Sales	11.39x	12.08x	13.11x
Price to Book	1.18x	1.27x	1.26x
EV/Revenue	5.97x	11.78x	11.66x
EV/EBITDA	7.19x	8.78x	8.44x
Price to FCF (P/FCF)	11.47x	9.13x	7.44x
EV/FCF	6.01x	8.89x	6.62x
FCF Yield	8.72%	10.96%	13.44%