MTH 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	3.83B EUR	5.46B EUR	4.12B EUR	4.49B EUR
Enterprise Value	5.05B EUR	6.56B EUR	5.26B EUR	5.6B EUR
Valuation Multiples
Trailing P/E	12.65x	16.6x	10.7x	13.58x
Forward P/E	10.52x	--	--	--
Price to Sales	0.71x	1.01x	0.73x	1x
Price to Book	0.76x	1.08x	0.81x	0.86x
EV/Revenue	0.94x	1.22x	0.94x	1.25x
EV/EBITDA	11.64x	14.54x	10.07x	12.62x
Price to FCF (P/FCF)	13.04x	13.18x	17.35x	31.87x
EV/FCF	17.19x	15.83x	22.13x	39.79x
FCF Yield	7.67%	7.59%	5.76%	3.14%