MZTF.TA 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	57.62B EUR	5.13T EUR	5.92T EUR	5.78T EUR
Enterprise Value	1.36B EUR	5.09T EUR	5.89T EUR	5.74T EUR
Valuation Multiples
Trailing P/E	10.39x	923.86x	1,061.65x	1,332.13x
Forward P/E	10.77x	--	--	--
Price to Sales	4.02x	354.61x	409.65x	526.88x
Price to Book	159.31x	142.11x	168.02x	166.3x
EV/Revenue	0.1x	352.05x	407.42x	523.06x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	799.84x	877.45x	965.99x
EV/FCF	--	794.06x	872.67x	958.99x
FCF Yield	--	0.13%	0.11%	0.1%