CE 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	4.94B EUR	5.05B EUR	7.21B EUR	4.63B EUR
Enterprise Value	16.37B EUR	16.08B EUR	18.36B EUR	16.3B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	7.34x	--	--	--
Price to Sales	0.51x	0.52x	0.76x	0.65x
Price to Book	1.19x	1.21x	1.78x	1.14x
EV/Revenue	1.69x	1.66x	1.93x	2.28x
EV/EBITDA	9.76x	8.72x	10.4x	12.22x
Price to FCF (P/FCF)	5.2x	7.13x	8.21x	5.34x
EV/FCF	17.24x	22.71x	20.91x	18.78x
FCF Yield	19.22%	14.02%	12.17%	18.74%