MMYT 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	4.21B EUR	5.01B EUR	3.51B EUR	7.79B EUR
Enterprise Value	4.89B EUR	6.08B EUR	4.49B EUR	8.77B EUR
Valuation Multiples
Trailing P/E	213x	146.43x	67.71x	282.71x
Forward P/E	18.02x	--	--	--
Price to Sales	3.97x	4.73x	3.36x	9.81x
Price to Book	--	--	--	--
EV/Revenue	4.61x	5.73x	4.3x	11.04x
EV/EBITDA	27.84x	30.24x	22.64x	55.63x
Price to FCF (P/FCF)	102.06x	32.79x	20.88x	57.24x
EV/FCF	118.55x	39.76x	26.72x	64.42x
FCF Yield	0.98%	3.05%	4.79%	1.75%