BIRK 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	5.56B EUR	7.65B EUR	6.59B EUR	7.52B EUR
Enterprise Value	7.13B EUR	8.89B EUR	7.76B EUR	8.64B EUR
Valuation Multiples
Trailing P/E	15.8x	22.79x	18.53x	27.49x
Forward P/E	12.35x	--	--	--
Price to Sales	2.45x	3.38x	3.02x	4.81x
Price to Book	1.9x	2.73x	2.28x	2.71x
EV/Revenue	3.15x	3.92x	3.56x	5.53x
EV/EBITDA	11.01x	12.71x	11.5x	17.97x
Price to FCF (P/FCF)	35.93x	26.27x	21.29x	24.87x
EV/FCF	46.12x	30.5x	25.07x	28.56x
FCF Yield	2.78%	3.81%	4.7%	4.02%