REGN 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	76.86B EUR	64.31B EUR	81.14B EUR	81.6B EUR
Enterprise Value	68.56B EUR	64.56B EUR	80.88B EUR	81.19B EUR
Valuation Multiples
Trailing P/E	18.46x	14.86x	18.34x	22.08x
Forward P/E	12.11x	--	--	--
Price to Sales	4.95x	4.14x	5.44x	7.21x
Price to Book	2.36x	2.03x	2.58x	2.61x
EV/Revenue	4.41x	4.16x	5.42x	7.18x
EV/EBITDA	14.58x	11.87x	15.77x	19.88x
Price to FCF (P/FCF)	25.07x	17.99x	21.4x	27.28x
EV/FCF	22.37x	18.06x	21.34x	27.14x
FCF Yield	3.99%	5.56%	4.67%	3.67%