ANAB Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	1.37B EUR	1.07B EUR	905.57M EUR
Enterprise Value	1.49B EUR	838.51M EUR	781.49M EUR
Valuation Multiples
Trailing P/E	--	--	--
Forward P/E	9.07x	--	--
Price to Sales	12.95x	4.62x	3.86x
Price to Book	129.07x	84.21x	24.34x
EV/Revenue	14.02x	3.61x	3.33x
EV/EBITDA	22.63x	14.34x	11.29x
Price to FCF (P/FCF)	--	243.45x	46.18x
EV/FCF	--	190.18x	39.85x
FCF Yield	--	0.41%	2.17%