GMED 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	10.02B EUR	10.61B EUR	11.69B EUR	9.83B EUR
Enterprise Value	9.36B EUR	10.21B EUR	11.24B EUR	9.43B EUR
Valuation Multiples
Trailing P/E	19.14x	19.81x	19.92x	21.27x
Forward P/E	13.83x	--	--	--
Price to Sales	3.19x	3.37x	3.77x	4.2x
Price to Book	2.1x	2.22x	2.47x	2.15x
EV/Revenue	2.98x	3.25x	3.63x	4.03x
EV/EBITDA	9.27x	10.31x	13.37x	15.81x
Price to FCF (P/FCF)	18.09x	14.22x	19.46x	22.46x
EV/FCF	16.89x	13.69x	18.72x	21.53x
FCF Yield	5.53%	7.03%	5.14%	4.45%