HSHP.OL 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	8.16B EUR	6.19B EUR	5.96B EUR	4.29B EUR
Enterprise Value	8.8B EUR	6.83B EUR	6.61B EUR	4.94B EUR
Valuation Multiples
Trailing P/E	15.54x	117.59x	204.67x	177.89x
Forward P/E	11.99x	--	--	--
Price to Sales	48.78x	36.97x	41.5x	39.01x
Price to Book	5.23x	37.99x	38.23x	26.51x
EV/Revenue	52.6x	40.81x	46.1x	44.99x
EV/EBITDA	67.12x	54.71x	65.04x	58.65x
Price to FCF (P/FCF)	125.06x	71.1x	97.48x	83.57x
EV/FCF	134.85x	78.48x	108.26x	96.37x
FCF Yield	0.8%	1.41%	1.03%	1.2%