NGVT 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	2.4B EUR	2.57B EUR	2.49B EUR	2.1B EUR
Enterprise Value	3.59B EUR	3.71B EUR	3.63B EUR	3.26B EUR
Valuation Multiples
Trailing P/E	99.66x	47.68x	--	--
Forward P/E	11.6x	--	--	--
Price to Sales	2.07x	2.22x	2.11x	2.28x
Price to Book	51.29x	54.9x	63.88x	70.71x
EV/Revenue	3.1x	3.2x	3.09x	3.55x
EV/EBITDA	9.65x	10.15x	10.33x	12.45x
Price to FCF (P/FCF)	26.97x	16.62x	10.11x	8.14x
EV/FCF	40.41x	23.98x	14.79x	12.65x
FCF Yield	3.71%	6.02%	9.89%	12.29%