9766.T 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	3.13T EUR	2.37T EUR	2.68T EUR	2.89T EUR
Enterprise Value	2.87T EUR	2.09T EUR	2.39T EUR	2.64T EUR
Valuation Multiples
Trailing P/E	19.68x	21.01x	26.81x	38.89x
Forward P/E	38.43x	--	--	--
Price to Sales	5.96x	4.5x	5.43x	8.19x
Price to Book	5.41x	4.09x	4.75x	5.39x
EV/Revenue	5.46x	3.98x	4.85x	7.49x
EV/EBITDA	14.54x	10.74x	13.65x	20.33x
Price to FCF (P/FCF)	43.33x	27.6x	33.52x	74.87x
EV/FCF	39.72x	24.38x	29.93x	68.48x
FCF Yield	2.31%	3.62%	2.98%	1.34%