IBRX 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	11.14B EUR	9.22B EUR	8.03B EUR	2B EUR
Enterprise Value	11.37B EUR	9.96B EUR	8.55B EUR	2.43B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-75.07x	--	--	--
Price to Sales	67.19x	55.62x	56.98x	20.7x
Price to Book	--	--	--	--
EV/Revenue	68.61x	60.07x	60.63x	25.14x
EV/EBITDA	-48.34x	--	--	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-1.67%	-3.13%	-3.73%	-11.09%