INSW 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	5.93B EUR	3.79B EUR	3.61B EUR	2.4B EUR
Enterprise Value	6.28B EUR	4.29B EUR	4.08B EUR	2.86B EUR
Valuation Multiples
Trailing P/E	7.66x	4.87x	6.61x	9.24x
Forward P/E	12.53x	--	--	--
Price to Sales	4.71x	3.02x	3.66x	3.63x
Price to Book	2.62x	1.67x	1.64x	1.19x
EV/Revenue	4.98x	3.41x	4.14x	4.33x
EV/EBITDA	7.74x	4.88x	6.42x	7.39x
Price to FCF (P/FCF)	85.21x	14.08x	29.67x	46.54x
EV/FCF	90.13x	15.91x	33.52x	55.46x
FCF Yield	1.17%	7.1%	3.37%	2.15%