CNXN 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	2.34B EUR	1.84B EUR	1.47B EUR	1.46B EUR
Enterprise Value	1.96B EUR	1.73B EUR	1.28B EUR	1.27B EUR
Valuation Multiples
Trailing P/E	24.55x	19.22x	16.86x	20.74x
Forward P/E	20.79x	--	--	--
Price to Sales	0.78x	0.62x	0.51x	0.67x
Price to Book	2.46x	1.93x	1.6x	1.6x
EV/Revenue	0.66x	0.58x	0.44x	0.58x
EV/EBITDA	14.58x	11.76x	9.53x	12.14x
Price to FCF (P/FCF)	196.66x	54.1x	11.85x	12.99x
EV/FCF	164.62x	50.66x	10.32x	11.28x
FCF Yield	0.51%	1.85%	8.44%	7.7%