NSIT 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	4.8B EUR	3.59B EUR	2.02B EUR	2.53B EUR
Enterprise Value	6.11B EUR	4.97B EUR	3.31B EUR	3.75B EUR
Valuation Multiples
Trailing P/E	24.09x	17.08x	11.25x	16.85x
Forward P/E	12.35x	--	--	--
Price to Sales	0.56x	0.42x	0.24x	0.41x
Price to Book	3.01x	2.24x	1.26x	1.53x
EV/Revenue	0.71x	0.58x	0.4x	0.61x
EV/EBITDA	9.76x	9.08x	6.65x	9.62x
Price to FCF (P/FCF)	10.95x	9.07x	8.62x	12.12x
EV/FCF	13.95x	12.54x	14.1x	18.01x
FCF Yield	9.13%	11.03%	11.6%	8.25%