MOS 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	5.96B EUR	6.74B EUR	8.11B EUR	7.65B EUR
Enterprise Value	12.23B EUR	12.52B EUR	13.59B EUR	12.65B EUR
Valuation Multiples
Trailing P/E	--	--	180.11x	25.27x
Forward P/E	11.91x	--	--	--
Price to Sales	0.49x	0.55x	0.65x	0.81x
Price to Book	0.52x	0.59x	0.69x	0.63x
EV/Revenue	1x	1.02x	1.09x	1.34x
EV/EBITDA	7.12x	7.38x	5.89x	6.28x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-12.53%	-14.06%	-6.04%	-3.1%