EVH 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	456.76M EUR	610.75M EUR	256.45M EUR	446.53M EUR
Enterprise Value	1.3B EUR	1.47B EUR	1.1B EUR	1.28B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	10x	--	--	--
Price to Sales	0.22x	0.29x	0.14x	0.32x
Price to Book	1.19x	1.59x	0.65x	1.08x
EV/Revenue	0.62x	0.7x	0.58x	0.92x
EV/EBITDA	21.34x	21.8x	14.94x	21.09x
Price to FCF (P/FCF)	2.48x	25.09x	183.83x	50.83x
EV/FCF	7.07x	60.21x	788.42x	146.2x
FCF Yield	40.35%	3.98%	0.54%	1.97%