VCTR 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	6.92B EUR	5.17B EUR	4.1B EUR	4.05B EUR
Enterprise Value	7.81B EUR	6.12B EUR	5.03B EUR	4.85B EUR
Valuation Multiples
Trailing P/E	20.56x	11.23x	10.77x	15.1x
Forward P/E	13.12x	--	--	--
Price to Sales	4.44x	3.32x	2.78x	3.72x
Price to Book	2.91x	2.18x	1.74x	1.67x
EV/Revenue	5.01x	3.92x	3.41x	4.47x
EV/EBITDA	9.71x	7.69x	6.86x	9.05x
Price to FCF (P/FCF)	13.29x	9.18x	9.71x	13.41x
EV/FCF	15.02x	10.85x	11.92x	16.08x
FCF Yield	7.52%	10.89%	10.3%	7.46%