HQ Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	879.74M EUR	1.5B EUR	453.37M EUR
Enterprise Value	767.4M EUR	1.39B EUR	357.16M EUR
Valuation Multiples
Trailing P/E	--	--	--
Forward P/E	-32.6x	--	--
Price to Sales	5,027,113.5x	38,954.42x	11,787.53x
Price to Book	20.15x	34.3x	5.41x
EV/Revenue	4,385,129.5x	36,019.4x	9,285.96x
EV/EBITDA	-38x	--	--
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-1.97%	-1.13%	-1.81%