JSMR.JK 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	19.16T EUR	19.67T EUR	22.28T EUR	24.75T EUR
Enterprise Value	116.23T EUR	90.67T EUR	91.81T EUR	93.21T EUR
Valuation Multiples
Trailing P/E	5.15x	6.93x	8.41x	8.83x
Forward P/E	5.22x	--	--	--
Price to Sales	0.66x	0.9x	1.03x	1.11x
Price to Book	0.52x	0.53x	0.6x	0.68x
EV/Revenue	4x	4.14x	4.22x	4.18x
EV/EBITDA	9.03x	8.68x	9x	9.32x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-29.63%	-12.85%	-15.64%	-21%