GD 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	89.63B EUR	95.8B EUR	92.82B EUR	91.03B EUR
Enterprise Value	94.27B EUR	100.94B EUR	99B EUR	98.49B EUR
Valuation Multiples
Trailing P/E	20.21x	21.35x	21.38x	28.31x
Forward P/E	17.78x	--	--	--
Price to Sales	1.63x	1.75x	1.72x	2.26x
Price to Book	3.34x	3.57x	3.56x	3.55x
EV/Revenue	1.72x	1.84x	1.84x	2.44x
EV/EBITDA	14.21x	15x	15.03x	20.03x
Price to FCF (P/FCF)	20.37x	14.86x	14.97x	21.42x
EV/FCF	21.42x	15.66x	15.96x	23.18x
FCF Yield	4.91%	6.73%	6.68%	4.67%