EPAC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	1.8B EUR	1.71B EUR	2.1B EUR	2B EUR
Enterprise Value	1.85B EUR	1.78B EUR	2.19B EUR	2.05B EUR
Valuation Multiples
Trailing P/E	19.85x	18.35x	24.58x	28.86x
Forward P/E	16.96x	--	--	--
Price to Sales	2.84x	2.7x	3.36x	4.25x
Price to Book	4.21x	4.04x	5.16x	4.64x
EV/Revenue	2.92x	2.81x	3.51x	4.35x
EV/EBITDA	11.93x	11.6x	14.75x	17.54x
Price to FCF (P/FCF)	17.49x	15.25x	19.01x	19.86x
EV/FCF	18.01x	15.86x	19.81x	20.35x
FCF Yield	5.72%	6.56%	5.26%	5.04%