2081.SR 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	3.07B EUR	3.87B EUR	4.2B EUR	4.71B EUR
Enterprise Value	4.11B EUR	4.91B EUR	5.07B EUR	5.44B EUR
Valuation Multiples
Trailing P/E	11.62x	14.66x	16.03x	23.82x
Forward P/E	--	--	--	--
Price to Sales	1.38x	1.74x	1.78x	2.55x
Price to Book	2.89x	3.64x	4.28x	5.14x
EV/Revenue	1.85x	2.21x	2.15x	2.95x
EV/EBITDA	11.04x	11.79x	12.56x	18.15x
Price to FCF (P/FCF)	26.88x	--	--	--
EV/FCF	35.95x	--	--	--
FCF Yield	3.72%	-7.05%	-4.34%	-0.87%