PHOE.TA 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	43.21B EUR	4.15T EUR	4.2T EUR	3.34T EUR
Enterprise Value	-90.75B EUR	4.14T EUR	4.18T EUR	3.32T EUR
Valuation Multiples
Trailing P/E	13.12x	1,248.18x	1,243.17x	1,250.66x
Forward P/E	27.69x	--	--	--
Price to Sales	2.09x	132x	138.37x	123.71x
Price to Book	329.22x	316.11x	327.87x	267.21x
EV/Revenue	-4.38x	131.76x	137.89x	123.08x
EV/EBITDA	-7.81x	--	--	--
Price to FCF (P/FCF)	--	1,033.49x	1,688.65x	944.2x
EV/FCF	--	1,031.56x	1,682.79x	939.37x
FCF Yield	-23.99%	0.1%	0.06%	0.11%