OET.OL 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	34.98B EUR	19.09B EUR	19.64B EUR	11.99B EUR
Enterprise Value	35.48B EUR	19.59B EUR	20.2B EUR	12.48B EUR
Valuation Multiples
Trailing P/E	8.43x	47.48x	98.83x	108.65x
Forward P/E	11.58x	--	--	--
Price to Sales	49.52x	27.03x	40.78x	38.52x
Price to Book	4.14x	21.76x	27.08x	20.93x
EV/Revenue	50.23x	27.73x	41.94x	40.09x
EV/EBITDA	74.04x	40.17x	71.55x	72.93x
Price to FCF (P/FCF)	--	425.24x	--	202.8x
EV/FCF	--	436.38x	--	211.06x
FCF Yield	-0.35%	0.24%	-0.15%	0.49%