DORM 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	3.57B EUR	4.05B EUR	3.13B EUR	3.74B EUR
Enterprise Value	4.01B EUR	4.44B EUR	3.64B EUR	4.23B EUR
Valuation Multiples
Trailing P/E	16.7x	18.46x	16.47x	25.52x
Forward P/E	13.09x	--	--	--
Price to Sales	1.66x	1.88x	1.46x	2.31x
Price to Book	2.36x	2.67x	2.14x	2.53x
EV/Revenue	1.86x	2.06x	1.69x	2.61x
EV/EBITDA	9.53x	11.75x	10.69x	16x
Price to FCF (P/FCF)	24.81x	18.9x	44.32x	105.72x
EV/FCF	27.83x	20.75x	51.46x	119.48x
FCF Yield	4.03%	5.29%	2.26%	0.95%