NET Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	128.52B EUR	87.3B EUR	72.92B EUR
Enterprise Value	121.11B EUR	89.17B EUR	75.51B EUR
Valuation Multiples
Trailing P/E	--	--	--
Forward P/E	215.33x	--	--
Price to Sales	51.16x	34.75x	31.31x
Price to Book	79.29x	53.89x	47.76x
EV/Revenue	48.21x	35.49x	32.43x
EV/EBITDA	-33,547.55x	470.87x	547.6x
Price to FCF (P/FCF)	185.74x	277.26x	249.91x
EV/FCF	175.02x	283.19x	258.79x
FCF Yield	0.54%	0.36%	0.4%