4002.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	12.29B EUR	12.75B EUR	14.53B EUR	13.33B EUR
Enterprise Value	13.57B EUR	13.77B EUR	15.21B EUR	13.82B EUR
Valuation Multiples
Trailing P/E	14.46x	14.99x	17.59x	21.33x
Forward P/E	14x	--	--	--
Price to Sales	3.64x	3.78x	4.41x	5.42x
Price to Book	3.1x	3.22x	3.65x	3.53x
EV/Revenue	4.02x	4.08x	4.62x	5.62x
EV/EBITDA	11.82x	11.72x	13.25x	15.97x
Price to FCF (P/FCF)	34.7x	19.81x	21.55x	24.36x
EV/FCF	38.31x	21.4x	22.56x	25.26x
FCF Yield	2.88%	5.05%	4.64%	4.1%