DOCN 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	15.76B EUR	16.49B EUR	8.95B EUR	4.42B EUR
Enterprise Value	15.78B EUR	17.25B EUR	9.51B EUR	5.77B EUR
Valuation Multiples
Trailing P/E	57.13x	70.09x	37.79x	20.02x
Forward P/E	73.21x	--	--	--
Price to Sales	15.59x	16.31x	9.43x	6.41x
Price to Book	15.21x	17.72x	10.08x	--
EV/Revenue	15.61x	17.06x	10.02x	8.36x
EV/EBITDA	51.13x	51.9x	29.31x	23.94x
Price to FCF (P/FCF)	--	--	276.57x	105.41x
EV/FCF	--	--	293.84x	137.52x
FCF Yield	-0.15%	-0.02%	0.36%	0.95%