GLRMK.IS 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	44.26B EUR	55.36B EUR	58.62B EUR	56.46B EUR
Enterprise Value	44.57B EUR	55.66B EUR	61.58B EUR	56.25B EUR
Valuation Multiples
Trailing P/E	11.98x	15.19x	15.35x	17.56x
Forward P/E	--	--	--	--
Price to Sales	0.95x	1.12x	1.18x	1.42x
Price to Book	1.56x	1.95x	3.1x	3.18x
EV/Revenue	0.96x	1.12x	1.24x	1.41x
EV/EBITDA	8.27x	8.68x	8.18x	8.91x
Price to FCF (P/FCF)	--	37.49x	18.36x	11.2x
EV/FCF	--	37.7x	19.29x	11.16x
FCF Yield	-10.86%	2.67%	5.45%	8.93%