GCMG 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	806.87M EUR	751.78M EUR	582.22M EUR	687.37M EUR
Enterprise Value	1.17B EUR	1.03B EUR	832.3M EUR	925.48M EUR
Valuation Multiples
Trailing P/E	25.38x	16.89x	11.56x	15.31x
Forward P/E	12.22x	--	--	--
Price to Sales	1.42x	1.3x	1.03x	1.56x
Price to Book	31.81x	29.67x	22.84x	25.47x
EV/Revenue	2.06x	1.77x	1.47x	2.1x
EV/EBITDA	7.34x	5.61x	4.92x	6.5x
Price to FCF (P/FCF)	7.23x	4.03x	3.05x	4.81x
EV/FCF	10.46x	5.5x	4.36x	6.47x
FCF Yield	13.82%	24.79%	32.77%	20.8%