HMS.ST 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	28.28B EUR	25.27B EUR	21.1B EUR
Enterprise Value	30.43B EUR	27.41B EUR	23.16B EUR
Valuation Multiples
Trailing P/E	51.18x	53.43x	48.73x
Forward P/E	47.79x	--	--
Price to Sales	7.43x	6.73x	5.77x
Price to Book	7.65x	6.83x	5.68x
EV/Revenue	7.99x	7.3x	6.34x
EV/EBITDA	27.53x	32.68x	28.34x
Price to FCF (P/FCF)	38.22x	31.47x	31.73x
EV/FCF	41.12x	34.14x	34.82x
FCF Yield	2.62%	3.18%	3.15%