NYT 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	10.7B EUR	11.3B EUR	13.56B EUR	11.23B EUR
Enterprise Value	10.08B EUR	11.07B EUR	13.37B EUR	11.02B EUR
Valuation Multiples
Trailing P/E	27.63x	28.78x	35.45x	38.16x
Forward P/E	21.22x	--	--	--
Price to Sales	3.62x	3.8x	4.67x	5.13x
Price to Book	5.23x	5.52x	6.77x	5.5x
EV/Revenue	3.42x	3.72x	4.61x	5.03x
EV/EBITDA	18.08x	18.16x	22.44x	23.26x
Price to FCF (P/FCF)	23.26x	18.14x	25x	24.39x
EV/FCF	21.92x	17.77x	24.66x	23.91x
FCF Yield	4.3%	5.51%	4%	4.1%