ETON 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	1.58B EUR	1.02B EUR	675.24M EUR	457.37M EUR
Enterprise Value	1.57B EUR	1.03B EUR	686.77M EUR	462.44M EUR
Valuation Multiples
Trailing P/E	138.03x	80.71x	--	--
Forward P/E	21.4x	--	--	--
Price to Sales	14.94x	9.7x	7.77x	7.3x
Price to Book	33.52x	21.98x	22.06x	17.49x
EV/Revenue	14.84x	9.72x	7.9x	7.38x
EV/EBITDA	62.25x	49.22x	110.73x	174.05x
Price to FCF (P/FCF)	239.78x	--	1,566.68x	56.46x
EV/FCF	238.15x	--	1,593.42x	57.08x
FCF Yield	0.42%	-0.03%	0.06%	1.77%