MRCY 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	4.84B EUR	7.29B EUR	4.34B EUR	4.34B EUR
Enterprise Value	5.01B EUR	7.56B EUR	4.66B EUR	4.67B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	35.65x	--	--	--
Price to Sales	4.92x	7.41x	4.49x	5.93x
Price to Book	3.16x	4.87x	2.94x	2.97x
EV/Revenue	5.09x	7.69x	4.82x	6.39x
EV/EBITDA	62.49x	93.85x	48.46x	63.63x
Price to FCF (P/FCF)	45.17x	107.08x	59.02x	57.56x
EV/FCF	46.78x	111.1x	63.41x	62.07x
FCF Yield	2.21%	0.93%	1.69%	1.74%