ASRV 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	74.54M EUR	65.82M EUR	61.41M EUR	52.71M EUR
Enterprise Value	105.68M EUR	104.49M EUR	78.81M EUR	77.12M EUR
Valuation Multiples
Trailing P/E	8.61x	7.73x	11.17x	14.23x
Forward P/E	--	--	--	--
Price to Sales	1.23x	1.07x	1.02x	1.17x
Price to Book	0.61x	0.53x	0.51x	0.44x
EV/Revenue	1.75x	1.7x	1.31x	1.71x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	1,605.4x	43.25x	36x
EV/FCF	--	2,548.64x	55.5x	52.68x
FCF Yield	--	0.06%	2.31%	2.78%