EFC 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	1.53B EUR	1.74B EUR	1.48B EUR	1.54B EUR
Enterprise Value	19.32B EUR	19.97B EUR	19B EUR	18.3B EUR
Valuation Multiples
Trailing P/E	7.24x	7.82x	6.92x	14.2x
Forward P/E	5.89x	--	--	--
Price to Sales	3.55x	4.44x	4.08x	6.56x
Price to Book	0.85x	0.88x	0.77x	0.84x
EV/Revenue	44.8x	51.12x	52.47x	78.12x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	--	-35.57%	-54.77%	-52.01%