FWONK 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	23.58B EUR	23.85B EUR	21.31B EUR	24.67B EUR
Enterprise Value	28.34B EUR	27.31B EUR	25B EUR	28.72B EUR
Valuation Multiples
Trailing P/E	114.68x	111.98x	51.71x	69.5x
Forward P/E	48.02x	--	--	--
Price to Sales	5.86x	5.5x	4.49x	6.12x
Price to Book	2.96x	3.13x	2.76x	3.18x
EV/Revenue	7.05x	6.29x	5.27x	7.12x
EV/EBITDA	33.07x	26.52x	20.04x	26.94x
Price to FCF (P/FCF)	36.04x	29.74x	28.79x	61.23x
EV/FCF	43.31x	34.05x	33.78x	71.26x
FCF Yield	2.77%	3.36%	3.47%	1.63%