FG 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	2.52B EUR	3.48B EUR	3.4B EUR	4.18B EUR
Enterprise Value	2.27B EUR	3.63B EUR	4.33B EUR	4.96B EUR
Valuation Multiples
Trailing P/E	6.36x	8.31x	6.36x	14.63x
Forward P/E	4.16x	--	--	--
Price to Sales	0.42x	0.61x	0.6x	0.91x
Price to Book	0.55x	0.76x	0.73x	0.87x
EV/Revenue	0.37x	0.64x	0.76x	1.08x
EV/EBITDA	2.91x	--	--	--
Price to FCF (P/FCF)	1.11x	0.81x	0.76x	1.13x
EV/FCF	1x	0.84x	0.97x	1.33x
FCF Yield	89.96%	124.22%	131.01%	88.8%