ENERY.IS 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	128.52B EUR	96.75B EUR	80.1B EUR	86.31B EUR
Enterprise Value	138.8B EUR	91.81B EUR	74.68B EUR	84.03B EUR
Valuation Multiples
Trailing P/E	25.5x	17.8x	14.26x	25x
Forward P/E	--	--	--	--
Price to Sales	3.43x	2.39x	2.08x	4.07x
Price to Book	1.97x	1.48x	1.35x	1.66x
EV/Revenue	3.71x	2.27x	1.94x	3.96x
EV/EBITDA	19.89x	10.13x	8.43x	17.79x
Price to FCF (P/FCF)	20.27x	46.71x	26.07x	--
EV/FCF	21.89x	44.32x	24.3x	--
FCF Yield	4.93%	2.14%	3.84%	-1.36%