600848.SS 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	22.25B EUR	18.89B EUR	25.17B EUR	29.51B EUR
Enterprise Value	60.74B EUR	47.48B EUR	52.59B EUR	54.63B EUR
Valuation Multiples
Trailing P/E	17.64x	14.69x	27.31x	35.22x
Forward P/E	18.77x	--	--	--
Price to Sales	2.85x	2.81x	3.76x	4.29x
Price to Book	1.33x	1.13x	1.5x	1.77x
EV/Revenue	7.79x	7.05x	7.85x	7.95x
EV/EBITDA	29.51x	17.95x	20.36x	25.19x
Price to FCF (P/FCF)	9.97x	29.19x	222.62x	--
EV/FCF	27.21x	73.34x	465.03x	--
FCF Yield	10.03%	3.43%	0.45%	-3.15%