OBE.TO 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	1.06B EUR	775.11M EUR	880.62M EUR	566.45M EUR
Enterprise Value	1.43B EUR	1.15B EUR	1.14B EUR	766.25M EUR
Valuation Multiples
Trailing P/E	38.85x	27.88x	800.56x	28.61x
Forward P/E	9.21x	--	--	--
Price to Sales	1.96x	1.27x	1.6x	1.42x
Price to Book	0.76x	0.55x	0.65x	0.41x
EV/Revenue	2.63x	1.88x	2.08x	1.92x
EV/EBITDA	5.35x	3.88x	4.41x	4.19x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-5.83%	-23.44%	-7.72%	-4.89%