MDLZ 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	77.55B EUR	74.26B EUR	73.99B EUR	68.99B EUR
Enterprise Value	97.83B EUR	74.26B EUR	94.09B EUR	88.67B EUR
Valuation Multiples
Trailing P/E	22.21x	37.74x	28.36x	28.15x
Forward P/E	17.96x	--	--	--
Price to Sales	1.95x	2.45x	1.88x	1.79x
Price to Book	2.9x	--	2.87x	2.67x
EV/Revenue	2.47x	2.45x	2.39x	2.3x
EV/EBITDA	16.09x	18.54x	17.58x	17.58x
Price to FCF (P/FCF)	34.43x	28.87x	28.73x	21.33x
EV/FCF	43.43x	28.87x	36.54x	27.41x
FCF Yield	2.9%	3.46%	3.48%	4.69%