DBI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	291.4M EUR	308.27M EUR	380.65M EUR	315.7M EUR	183.06M EUR
Enterprise Value	1.46B EUR	1.47B EUR	1.56B EUR	1.47B EUR	1.4B EUR
Valuation Multiples
Trailing P/E	19.66x	18.2x	38.38x	36.05x	6.37x
Forward P/E	8.14x	--	--	--	--
Price to Sales	0.1x	0.11x	0.13x	0.14x	0.12x
Price to Book	0.97x	1.02x	1.35x	1.12x	0.61x
EV/Revenue	0.51x	0.51x	0.54x	0.67x	0.94x
EV/EBITDA	11.82x	9.1x	11.66x	14.67x	14.04x
Price to FCF (P/FCF)	3.42x	2.57x	5.15x	2.98x	2.64x
EV/FCF	17.16x	12.22x	21.06x	13.91x	20.21x
FCF Yield	29.2%	38.9%	19.43%	33.53%	37.92%