KAYSE.IS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	9.24B EUR	11.7B EUR	14.19B EUR	14.7B EUR	12.79B EUR
Enterprise Value	25.7B EUR	28.78B EUR	29.5B EUR	23.34B EUR	18.41B EUR
Valuation Multiples
Trailing P/E	4.05x	--	--	--	--
Forward P/E	--	--	--	--	--
Price to Sales	0.38x	0.48x	0.58x	5.15x	5.45x
Price to Book	0.2x	0.27x	0.32x	0.36x	0.32x
EV/Revenue	1.05x	1.17x	1.21x	8.18x	7.84x
EV/EBITDA	-29.46x	39.62x	227.48x	--	--
Price to FCF (P/FCF)	--	--	--	12.85x	3.58x
EV/FCF	--	--	--	20.4x	5.15x
FCF Yield	-107.59%	-46.75%	-25.24%	7.78%	27.96%