NOVO-B.CO 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	1.13T EUR	1.39T EUR	1.02T EUR	1.45T EUR
Enterprise Value	1.23T EUR	1.49T EUR	1.15T EUR	1.55T EUR
Valuation Multiples
Trailing P/E	9.74x	11.95x	8.4x	19.69x
Forward P/E	11.68x	--	--	--
Price to Sales	3.42x	4.23x	3.13x	6.26x
Price to Book	5.11x	6.29x	5.05x	7.45x
EV/Revenue	3.72x	4.52x	3.51x	6.71x
EV/EBITDA	7.06x	9.25x	6.53x	14.51x
Price to FCF (P/FCF)	29.91x	29.13x	33.17x	76.69x
EV/FCF	32.53x	31.13x	37.23x	82.24x
FCF Yield	3.34%	3.43%	3.01%	1.3%