NWL 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	2.61B EUR	1.46B EUR	1.56B EUR
Enterprise Value	7.94B EUR	7.94B EUR	6.78B EUR	6.58B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	8.22x	--	--	--
Price to Sales	0.33x	0.36x	0.2x	0.28x
Price to Book	0.98x	1.07x	0.62x	0.65x
EV/Revenue	1.1x	1.1x	0.94x	1.17x
EV/EBITDA	8.74x	8.76x	8.61x	9.81x
Price to FCF (P/FCF)	5.88x	22.14x	76.71x	5.4x
EV/FCF	19.43x	67.33x	356.82x	22.75x
FCF Yield	17.01%	4.52%	1.3%	18.53%