IBP 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	4.93B EUR	6.11B EUR	7.14B EUR	7B EUR
Enterprise Value	5.76B EUR	6.91B EUR	7.85B EUR	7.67B EUR
Valuation Multiples
Trailing P/E	20x	24.37x	28.03x	31.81x
Forward P/E	16.57x	--	--	--
Price to Sales	1.66x	2.06x	2.42x	3.06x
Price to Book	7.66x	9.55x	10.7x	9.86x
EV/Revenue	1.95x	2.33x	2.66x	3.35x
EV/EBITDA	11.97x	13.28x	14.98x	17.88x
Price to FCF (P/FCF)	17.05x	20.94x	22.7x	30.57x
EV/FCF	19.94x	23.69x	24.95x	33.49x
FCF Yield	5.87%	4.77%	4.4%	3.27%