RYAAY 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	28.09B EUR	67.29B EUR	60.34B EUR	75.8B EUR
Enterprise Value	25.46B EUR	64.99B EUR	59.1B EUR	74.86B EUR
Valuation Multiples
Trailing P/E	13.01x	35.57x	27.76x	29.5x
Forward P/E	13.58x	--	--	--
Price to Sales	1.8x	4.32x	3.88x	5.82x
Price to Book	2.64x	7.1x	5.97x	8.63x
EV/Revenue	1.63x	4.17x	3.8x	5.74x
EV/EBITDA	7.44x	18.22x	15.29x	18.28x
Price to FCF (P/FCF)	--	39.68x	33.48x	281.68x
EV/FCF	--	38.32x	32.79x	278.2x
FCF Yield	-0.78%	2.52%	2.99%	0.36%