LB 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	6.76B EUR	2.24B EUR	1.92B EUR	1.36B EUR
Enterprise Value	3.46B EUR	2.73B EUR	2.43B EUR	1.89B EUR
Valuation Multiples
Trailing P/E	76.33x	60.2x	59.37x	57.63x
Forward P/E	37.11x	--	--	--
Price to Sales	29.97x	9.92x	9.32x	8.79x
Price to Book	6.85x	6.29x	5.58x	4.01x
EV/Revenue	15.33x	12.12x	11.78x	12.2x
EV/EBITDA	22.53x	18.28x	18.38x	19.11x
Price to FCF (P/FCF)	58.79x	14.79x	13.07x	12.84x
EV/FCF	30.08x	18.07x	16.5x	17.83x
FCF Yield	1.7%	6.76%	7.65%	7.79%