GAIN 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	607.28M EUR	615.65M EUR	565.47M EUR	556.31M EUR
Enterprise Value	1.18B EUR	1.18B EUR	1.13B EUR	1.13B EUR
Valuation Multiples
Trailing P/E	3.62x	3.73x	3.06x	5.43x
Forward P/E	15.02x	--	--	--
Price to Sales	5.85x	3.89x	3.19x	5.74x
Price to Book	0.94x	0.95x	0.85x	0.93x
EV/Revenue	11.37x	7.49x	6.36x	11.63x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	16.76x	--	--	--
EV/FCF	32.61x	--	--	--
FCF Yield	5.97%	-7.04%	-17.97%	-21.29%