3131.TWO 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	69.41B EUR	102.22B EUR	78.97B EUR	44.8B EUR
Enterprise Value	68.06B EUR	101.69B EUR	78.6B EUR	45.28B EUR
Valuation Multiples
Trailing P/E	44.78x	61.85x	51.45x	41.78x
Forward P/E	24.29x	--	--	--
Price to Sales	9.96x	14.67x	11.49x	8.49x
Price to Book	21.97x	32.36x	20.01x	9.46x
EV/Revenue	9.77x	14.6x	11.44x	8.59x
EV/EBITDA	40.93x	44.66x	36.54x	29.8x
Price to FCF (P/FCF)	69.3x	172.56x	39.56x	34x
EV/FCF	67.95x	171.67x	39.38x	34.36x
FCF Yield	1.44%	0.58%	2.53%	2.94%