PSA-PQ 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	--	2.68B EUR	2.63B EUR	2.76B EUR
Enterprise Value	16.79B EUR	12.6B EUR	12.53B EUR	12.7B EUR
Valuation Multiples
Trailing P/E	1.35x	1.31x	1.38x	2.01x
Forward P/E	--	--	--	--
Price to Sales	--	0.55x	0.54x	0.76x
Price to Book	0.5x	0.29x	0.29x	0.3x
EV/Revenue	3.42x	2.58x	2.58x	3.49x
EV/EBITDA	4.89x	3.6x	3.58x	4.82x
Price to FCF (P/FCF)	--	0.94x	0.92x	1.23x
EV/FCF	7.19x	4.4x	4.36x	5.64x
FCF Yield	--	106.91%	109.27%	81.4%