MIL.WA Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	26.34B EUR	23.7B EUR	19.81B EUR
Enterprise Value	31.88B EUR	29.35B EUR	23.92B EUR
Valuation Multiples
Trailing P/E	18.9x	17.1x	17.1x
Forward P/E	15.52x	--	--
Price to Sales	3.85x	3.31x	2.78x
Price to Book	2.34x	2.1x	1.85x
EV/Revenue	4.67x	4.1x	3.35x
EV/EBITDA	--	--	--
Price to FCF (P/FCF)	--	2.37x	2.01x
EV/FCF	--	2.93x	2.42x
FCF Yield	--	42.18%	49.8%