MTG 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	5.63B EUR	5.96B EUR	5.6B EUR	6.41B EUR
Enterprise Value	6.16B EUR	6.4B EUR	6.01B EUR	6.69B EUR
Valuation Multiples
Trailing P/E	8.57x	8.43x	7.79x	11.59x
Forward P/E	7.87x	--	--	--
Price to Sales	4.71x	4.99x	4.65x	7.06x
Price to Book	1.13x	1.19x	1.11x	1.25x
EV/Revenue	5.15x	5.36x	4.99x	7.37x
EV/EBITDA	6.67x	--	--	--
Price to FCF (P/FCF)	10.84x	8.44x	7.94x	10.2x
EV/FCF	11.87x	9.06x	8.52x	10.64x
FCF Yield	9.22%	11.85%	12.6%	9.8%