OPL.WA Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	20.36B EUR	18.79B EUR	18.58B EUR
Enterprise Value	26.9B EUR	25.23B EUR	25.27B EUR
Valuation Multiples
Trailing P/E	23.51x	20.45x	22.41x
Forward P/E	20.69x	--	--
Price to Sales	1.51x	1.41x	1.43x
Price to Book	1.53x	1.41x	1.34x
EV/Revenue	1.99x	1.89x	1.95x
EV/EBITDA	8.36x	6.03x	6.17x
Price to FCF (P/FCF)	13.02x	18.91x	37.23x
EV/FCF	17.2x	25.38x	50.63x
FCF Yield	7.68%	5.29%	2.69%