ZAP.OL Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	5.35B EUR	4.21B EUR	2.48B EUR
Enterprise Value	4.99B EUR	3.94B EUR	2.04B EUR
Valuation Multiples
Trailing P/E	48.57x	31.33x	35.51x
Forward P/E	23.44x	--	--
Price to Sales	3.03x	2.36x	1.53x
Price to Book	8.3x	6.53x	3.29x
EV/Revenue	2.83x	2.21x	1.26x
EV/EBITDA	31.95x	18.43x	15.45x
Price to FCF (P/FCF)	12.3x	8.39x	6.4x
EV/FCF	11.47x	7.85x	5.28x
FCF Yield	8.13%	11.92%	15.62%