MPC 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	132.84B EUR	72.35B EUR	71.54B EUR	47.91B EUR
Enterprise Value	163.28B EUR	98.88B EUR	103.72B EUR	78.6B EUR
Valuation Multiples
Trailing P/E	15.76x	8.46x	15.45x	11.63x
Forward P/E	8.7x	--	--	--
Price to Sales	0.86x	0.47x	0.53x	0.47x
Price to Book	6.75x	3.79x	4.27x	2.77x
EV/Revenue	1.06x	0.64x	0.77x	0.78x
EV/EBITDA	10.61x	5.67x	8.48x	7.86x
Price to FCF (P/FCF)	14.36x	5.61x	12.55x	8.72x
EV/FCF	17.65x	7.67x	18.19x	14.31x
FCF Yield	6.96%	17.83%	7.97%	11.47%