MEDP 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	17.08B EUR	14.78B EUR	13.71B EUR	15.93B EUR
Enterprise Value	16.46B EUR	14.4B EUR	13.18B EUR	15.55B EUR
Valuation Multiples
Trailing P/E	35.94x	30.07x	29.79x	47.35x
Forward P/E	31.69x	--	--	--
Price to Sales	6.14x	5.31x	5.12x	8.08x
Price to Book	39.37x	34.07x	22.92x	34.71x
EV/Revenue	5.92x	5.18x	4.92x	7.89x
EV/EBITDA	26.94x	23.56x	22.31x	35.14x
Price to FCF (P/FCF)	33.47x	20.92x	19.29x	28.15x
EV/FCF	32.26x	20.37x	18.54x	27.47x
FCF Yield	2.99%	4.78%	5.18%	3.55%