ESNT 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	5.62B EUR	5.78B EUR	5.44B EUR	6.21B EUR
Enterprise Value	5.51B EUR	6.2B EUR	5.81B EUR	6.58B EUR
Valuation Multiples
Trailing P/E	8.72x	8.49x	7.92x	12.06x
Forward P/E	7.92x	--	--	--
Price to Sales	4.25x	4.32x	4.21x	6.48x
Price to Book	0.99x	1.02x	0.95x	1.08x
EV/Revenue	4.17x	4.64x	4.49x	6.87x
EV/EBITDA	6.42x	--	--	--
Price to FCF (P/FCF)	8.14x	7x	6.64x	9.89x
EV/FCF	7.99x	7.51x	7.09x	10.49x
FCF Yield	12.29%	14.3%	15.05%	10.11%