PSIX 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	1.15B EUR	896.41M EUR	1.4B EUR	1.32B EUR
Enterprise Value	1.18B EUR	961.08M EUR	1.53B EUR	1.43B EUR
Valuation Multiples
Trailing P/E	17.03x	13.21x	13.73x	13.87x
Forward P/E	15.36x	--	--	--
Price to Sales	1.71x	1.33x	1.96x	2.24x
Price to Book	5.68x	4.41x	7.55x	7.37x
EV/Revenue	1.75x	1.42x	2.13x	2.43x
EV/EBITDA	12.6x	10.19x	14.85x	15.95x
Price to FCF (P/FCF)	27.44x	13.36x	54.03x	150.77x
EV/FCF	28.15x	14.32x	58.73x	163.58x
FCF Yield	3.64%	7.48%	1.85%	0.66%