IART 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	1.05B EUR	1.4B EUR	733.05M EUR	967.36M EUR
Enterprise Value	2.82B EUR	3.23B EUR	2.54B EUR	2.77B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	5.19x	--	--	--
Price to Sales	0.63x	0.85x	0.45x	0.77x
Price to Book	1x	1.34x	0.7x	0.93x
EV/Revenue	1.71x	1.96x	1.54x	2.21x
EV/EBITDA	8.9x	13.18x	11.61x	17.29x
Price to FCF (P/FCF)	11.07x	120.42x	--	--
EV/FCF	29.86x	278.57x	--	--
FCF Yield	9.03%	0.83%	-1.38%	-0.52%