RAIL 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	204.95M EUR	319.24M EUR	152.02M EUR	211.35M EUR
Enterprise Value	284.77M EUR	401.18M EUR	244.94M EUR	299.41M EUR
Valuation Multiples
Trailing P/E	--	--	5.19x	--
Forward P/E	5.9x	--	--	--
Price to Sales	0.44x	0.69x	0.32x	0.52x
Price to Book	5.66x	8.82x	--	--
EV/Revenue	0.61x	0.87x	0.52x	0.74x
EV/EBITDA	11.9x	15.36x	5.92x	7.51x
Price to FCF (P/FCF)	13.78x	17.84x	10.51x	11.16x
EV/FCF	19.15x	22.41x	16.93x	15.81x
FCF Yield	7.26%	5.61%	9.52%	8.96%