5443.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	17.8B EUR	18.6B EUR	16.07B EUR	13.77B EUR
Enterprise Value	23.3B EUR	22.14B EUR	19.8B EUR	17.35B EUR
Valuation Multiples
Trailing P/E	48.68x	61.29x	52.75x	39.74x
Forward P/E	--	--	--	--
Price to Sales	3.79x	5.45x	4.48x	4.07x
Price to Book	0.88x	0.92x	1.32x	1.57x
EV/Revenue	4.96x	6.49x	5.53x	5.12x
EV/EBITDA	52.95x	31.05x	30.62x	28.15x
Price to FCF (P/FCF)	717.46x	62.25x	86.03x	41.42x
EV/FCF	939.04x	74.09x	106.03x	52.17x
FCF Yield	0.14%	1.61%	1.16%	2.41%