GLRE 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	489.54M EUR	532.02M EUR	582.41M EUR	494.23M EUR
Enterprise Value	423.87M EUR	464.45M EUR	512.06M EUR	387.2M EUR
Valuation Multiples
Trailing P/E	9.97x	10.43x	7.19x	10.93x
Forward P/E	9.23x	--	--	--
Price to Sales	0.71x	0.83x	0.89x	0.98x
Price to Book	0.7x	0.76x	0.79x	0.7x
EV/Revenue	0.61x	0.72x	0.78x	0.77x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	2.09x	2.66x	2.46x	2.47x
EV/FCF	1.81x	2.32x	2.16x	1.94x
FCF Yield	47.88%	37.6%	40.71%	40.43%