5904.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	73.98B EUR	71B EUR	52.53B EUR	46.78B EUR
Enterprise Value	87.82B EUR	84.9B EUR	66.38B EUR	61.22B EUR
Valuation Multiples
Trailing P/E	20.56x	25.24x	20.68x	20.04x
Forward P/E	17.22x	--	--	--
Price to Sales	2.74x	3.45x	2.66x	2.47x
Price to Book	10.2x	9.79x	8.23x	5.77x
EV/Revenue	3.25x	4.12x	3.37x	3.24x
EV/EBITDA	16.86x	14.09x	11.86x	11.64x
Price to FCF (P/FCF)	16.38x	18.12x	13.15x	12.88x
EV/FCF	19.44x	21.67x	16.62x	16.86x
FCF Yield	6.11%	5.52%	7.6%	7.76%