GHC.MI 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	477.5M EUR	470.42M EUR	407.03M EUR	493.78M EUR
Enterprise Value	719.22M EUR	701.28M EUR	626.04M EUR	699.31M EUR
Valuation Multiples
Trailing P/E	25.71x	24.54x	18.74x	37.05x
Forward P/E	18.67x	--	--	--
Price to Sales	0.97x	0.95x	0.83x	1.38x
Price to Book	1.38x	1.36x	1.17x	1.46x
EV/Revenue	1.46x	1.42x	1.28x	1.96x
EV/EBITDA	9.38x	8.49x	7.58x	11.85x
Price to FCF (P/FCF)	11.48x	37.45x	12.64x	17.71x
EV/FCF	17.29x	55.83x	19.44x	25.08x
FCF Yield	8.71%	2.67%	7.91%	5.65%