IRM 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	34.09B EUR	37.6B EUR	30.38B EUR
Enterprise Value	53.76B EUR	57.01B EUR	49.52B EUR
Valuation Multiples
Trailing P/E	81.79x	89.81x	111.58x
Forward P/E	41.99x	--	--
Price to Sales	4.51x	4.97x	4.19x
Price to Book	--	--	--
EV/Revenue	7.11x	7.54x	6.83x
EV/EBITDA	21.08x	21.73x	19.25x
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-1.28%	-1.59%	-2.31%