CLAR 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	133.82M EUR	120.61M EUR	104.56M EUR	128.65M EUR
Enterprise Value	119.17M EUR	108.84M EUR	86.19M EUR	104.24M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	20.16x	--	--	--
Price to Sales	0.53x	0.48x	0.42x	0.68x
Price to Book	0.68x	0.61x	0.54x	0.66x
EV/Revenue	0.47x	0.43x	0.34x	0.55x
EV/EBITDA	50.84x	3.47x	4.32x	4.89x
Price to FCF (P/FCF)	11.43x	--	--	--
EV/FCF	10.18x	--	--	--
FCF Yield	8.75%	-0.35%	-11.81%	-5.17%