HON 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	65.84B EUR	70.94B EUR	75.1B EUR	64.99B EUR
Enterprise Value	91.56B EUR	96.17B EUR	99.87B EUR	88.07B EUR
Valuation Multiples
Trailing P/E	7.67x	8.64x	18.31x	19.81x
Forward P/E	21.11x	--	--	--
Price to Sales	1.73x	1.96x	2.1x	2.44x
Price to Book	3.55x	3.83x	5.53x	4.67x
EV/Revenue	2.41x	2.66x	2.79x	3.31x
EV/EBITDA	10.76x	10.48x	10.87x	12.95x
Price to FCF (P/FCF)	25.22x	17.69x	18.13x	12.96x
EV/FCF	35.07x	23.98x	24.11x	17.56x
FCF Yield	3.96%	5.65%	5.51%	7.72%