JCI 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	95.37B EUR	89.14B EUR	79.89B EUR	73.29B EUR
Enterprise Value	102.15B EUR	97.98B EUR	88.72B EUR	82.44B EUR
Valuation Multiples
Trailing P/E	44.47x	24.91x	22.63x	25.12x
Forward P/E	25.79x	--	--	--
Price to Sales	3.82x	3.57x	3.27x	4.01x
Price to Book	7.07x	6.61x	5.91x	5.55x
EV/Revenue	4.09x	3.92x	3.63x	4.51x
EV/EBITDA	23.62x	22.35x	21.24x	26.18x
Price to FCF (P/FCF)	31.96x	53.73x	58.49x	92.42x
EV/FCF	34.23x	59.06x	64.95x	103.96x
FCF Yield	3.13%	1.86%	1.71%	1.08%