NA9.DE 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	956.68M EUR	924.5M EUR	585.14M EUR	945.71M EUR
Enterprise Value	1.2B EUR	1.17B EUR	852.61M EUR	1.2B EUR
Valuation Multiples
Trailing P/E	19.28x	18.6x	12.34x	33.46x
Forward P/E	14.09x	--	--	--
Price to Sales	0.96x	0.92x	0.58x	1.26x
Price to Book	5.47x	5.28x	3.35x	6.1x
EV/Revenue	1.2x	1.17x	0.85x	1.6x
EV/EBITDA	10.17x	9.39x	6.58x	13.28x
Price to FCF (P/FCF)	12.1x	11.12x	11.81x	18.49x
EV/FCF	15.22x	14.08x	17.2x	23.53x
FCF Yield	8.26%	9%	8.47%	5.41%