KARO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	1.89B EUR	1.47B EUR	1.46B EUR	1.39B EUR
Enterprise Value	1.89B EUR	1.44B EUR	1.45B EUR	1.45B EUR
Valuation Multiples
Trailing P/E	31.48x	1.44x	1.47x	1.8x
Forward P/E	21.85x	--	--	--
Price to Sales	0.33x	0.26x	0.27x	0.35x
Price to Book	8.76x	0.41x	0.44x	0.44x
EV/Revenue	0.33x	0.25x	0.26x	0.36x
EV/EBITDA	0.85x	0.96x	1x	1.32x
Price to FCF (P/FCF)	2.52x	0.79x	0.74x	0.95x
EV/FCF	2.53x	0.77x	0.74x	0.99x
FCF Yield	39.76%	126.38%	134.84%	105.33%