RATCH-R.BK 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	82.11B EUR	63.18B EUR	63.18B EUR	61.44B EUR
Enterprise Value	187.8B EUR	164.69B EUR	161.73B EUR	161.43B EUR
Valuation Multiples
Trailing P/E	14.98x	11.34x	10.14x	12.29x
Forward P/E	--	--	--	--
Price to Sales	2.41x	1.67x	1.95x	2.83x
Price to Book	0.82x	0.63x	0.64x	0.66x
EV/Revenue	5.51x	4.35x	4.99x	7.43x
EV/EBITDA	59.48x	11.19x	10.67x	14.15x
Price to FCF (P/FCF)	--	5.2x	5.26x	6.45x
EV/FCF	--	13.55x	13.45x	16.95x
FCF Yield	-6.42%	19.24%	19.03%	15.5%