RNR 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	13.77B EUR	13.25B EUR	12.77B EUR	12.36B EUR
Enterprise Value	-6.24B EUR	14.28B EUR	13.54B EUR	12.96B EUR
Valuation Multiples
Trailing P/E	5.72x	5.03x	4.55x	4.92x
Forward P/E	7.99x	--	--	--
Price to Sales	1.23x	1.2x	1.11x	1.33x
Price to Book	1.25x	1.12x	1.11x	1.06x
EV/Revenue	-0.56x	1.29x	1.18x	1.39x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	4.94x	3.67x	3.02x	3.5x
EV/FCF	-2.24x	3.96x	3.21x	3.67x
FCF Yield	20.24%	27.21%	33.06%	28.6%