5439.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	24.22B EUR	28.87B EUR	24.92B EUR	29.47B EUR
Enterprise Value	25.31B EUR	29.97B EUR	25.88B EUR	30.73B EUR
Valuation Multiples
Trailing P/E	14.78x	17.17x	17.5x	26.86x
Forward P/E	--	--	--	--
Price to Sales	2.1x	2.51x	2.32x	3.59x
Price to Book	6x	7.15x	5.83x	7.47x
EV/Revenue	2.2x	2.6x	2.41x	3.74x
EV/EBITDA	10.94x	11.99x	12.01x	18.86x
Price to FCF (P/FCF)	53.18x	52.32x	--	--
EV/FCF	55.58x	54.32x	--	--
FCF Yield	1.88%	1.91%	-1.27%	-2.11%