CELH 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	7.23B EUR	7.42B EUR	9.1B EUR	11.75B EUR
Enterprise Value	8.74B EUR	7.45B EUR	9.22B EUR	12.02B EUR
Valuation Multiples
Trailing P/E	124.26x	57.45x	52.41x	184.82x
Forward P/E	16.54x	--	--	--
Price to Sales	2.37x	2.43x	3.07x	5.38x
Price to Book	6.04x	2.51x	3.02x	3.99x
EV/Revenue	2.87x	2.45x	3.11x	5.5x
EV/EBITDA	13.01x	11.55x	14.63x	25.73x
Price to FCF (P/FCF)	20.68x	16.03x	31.09x	51.78x
EV/FCF	24.99x	16.11x	31.5x	52.97x
FCF Yield	4.83%	6.24%	3.22%	1.93%