OTEX 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	5.74B EUR	5.36B EUR	5.39B EUR	8.12B EUR
Enterprise Value	10.53B EUR	10.38B EUR	10.55B EUR	13.44B EUR
Valuation Multiples
Trailing P/E	9.18x	8.34x	10.44x	23.62x
Forward P/E	5.57x	--	--	--
Price to Sales	1.09x	1.02x	1.03x	2.07x
Price to Book	1.4x	1.34x	1.36x	2.01x
EV/Revenue	2.01x	1.98x	2.03x	3.42x
EV/EBITDA	6.45x	5.57x	5.83x	9.74x
Price to FCF (P/FCF)	4.21x	6.64x	6.65x	16.08x
EV/FCF	7.73x	12.85x	13.03x	26.63x
FCF Yield	23.75%	15.06%	15.03%	6.22%