ELF 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	6.45B EUR	4.36B EUR	3.58B EUR	4.49B EUR
Enterprise Value	6.84B EUR	4.95B EUR	4.21B EUR	5.22B EUR
Valuation Multiples
Trailing P/E	111.46x	73.17x	136.08x	59.33x
Forward P/E	28.26x	--	--	--
Price to Sales	3.66x	2.48x	2.19x	3.78x
Price to Book	5.51x	3.73x	3.17x	3.86x
EV/Revenue	3.88x	2.81x	2.57x	4.4x
EV/EBITDA	32.64x	16.7x	19.22x	29.19x
Price to FCF (P/FCF)	22.91x	15.57x	18.84x	50.18x
EV/FCF	24.3x	17.66x	22.14x	58.33x
FCF Yield	4.37%	6.42%	5.31%	1.99%