PSA-PR 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	--	2.69B EUR	2.67B EUR	2.8B EUR
Enterprise Value	16.81B EUR	12.61B EUR	12.57B EUR	12.74B EUR
Valuation Multiples
Trailing P/E	1.36x	1.32x	1.41x	2.03x
Forward P/E	--	--	--	--
Price to Sales	--	0.55x	0.55x	0.77x
Price to Book	0.51x	0.29x	0.29x	0.3x
EV/Revenue	3.42x	2.58x	2.59x	3.5x
EV/EBITDA	4.89x	3.61x	3.59x	4.83x
Price to FCF (P/FCF)	--	0.94x	0.93x	1.24x
EV/FCF	7.2x	4.41x	4.37x	5.66x
FCF Yield	--	106.21%	107.55%	80.33%