GRF.MC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	6.72B EUR	6.1B EUR	6.1B EUR
Enterprise Value	17.98B EUR	14.1B EUR	15.06B EUR
Valuation Multiples
Trailing P/E	14.97x	13.76x	17.5x
Forward P/E	8.68x	--	--
Price to Sales	0.91x	0.82x	0.83x
Price to Book	1.21x	1.1x	1.12x
EV/Revenue	2.42x	1.89x	2.05x
EV/EBITDA	10.93x	8.85x	9.76x
Price to FCF (P/FCF)	11.74x	12.5x	14.25x
EV/FCF	31.38x	28.91x	35.22x
FCF Yield	8.52%	8%	7.02%