OLLI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	5.07B EUR	4.38B EUR	5.25B EUR	6.74B EUR	7.41B EUR
Enterprise Value	5.69B EUR	4.98B EUR	5.76B EUR	7.17B EUR	7.94B EUR
Valuation Multiples
Trailing P/E	19.09x	15.99x	21.03x	34.91x	68.98x
Forward P/E	17.27x	--	--	--	--
Price to Sales	1.81x	1.57x	1.92x	3.25x	5.73x
Price to Book	2.68x	2.31x	2.78x	3.57x	4.05x
EV/Revenue	2.04x	1.78x	2.11x	3.46x	6.14x
EV/EBITDA	15.25x	11.22x	13.76x	22.31x	41.18x
Price to FCF (P/FCF)	42.37x	19.6x	24.66x	34.97x	261.79x
EV/FCF	47.55x	22.31x	27.07x	37.18x	280.36x
FCF Yield	2.36%	5.1%	4.05%	2.86%	0.38%