MT 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	48.24B EUR	45.41B EUR	39.53B EUR	34.68B EUR
Enterprise Value	104.02B EUR	54.93B EUR	48.85B EUR	42.7B EUR
Valuation Multiples
Trailing P/E	27.05x	25.06x	13.53x	14.78x
Forward P/E	9.01x	--	--	--
Price to Sales	0.77x	0.72x	0.64x	0.75x
Price to Book	1.76x	0.83x	0.72x	0.64x
EV/Revenue	1.66x	0.87x	0.79x	0.92x
EV/EBITDA	19.09x	9.28x	6.95x	7.87x
Price to FCF (P/FCF)	--	--	77.2x	19.36x
EV/FCF	--	--	95.41x	23.83x
FCF Yield	-1.62%	-0.35%	1.3%	5.17%