JMT.LS 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	10.77B EUR	10.53B EUR	12.92B EUR	12.73B EUR
Enterprise Value	15.42B EUR	14.97B EUR	16.8B EUR	16.04B EUR
Valuation Multiples
Trailing P/E	16.96x	16.56x	20.28x	24.58x
Forward P/E	13.1x	--	--	--
Price to Sales	0.29x	0.29x	0.35x	0.46x
Price to Book	3.44x	3.36x	3.81x	3.87x
EV/Revenue	0.42x	0.41x	0.46x	0.58x
EV/EBITDA	7.71x	6.06x	6.93x	8.63x
Price to FCF (P/FCF)	15.48x	8.84x	9.61x	8.15x
EV/FCF	22.18x	12.56x	12.49x	10.27x
FCF Yield	6.46%	11.32%	10.41%	12.27%