PWR 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	106.13B EUR	108.2B EUR	82.38B EUR	63.13B EUR
Enterprise Value	109.24B EUR	114.3B EUR	88.34B EUR	69.11B EUR
Valuation Multiples
Trailing P/E	80.86x	81.55x	74.57x	71.41x
Forward P/E	35.7x	--	--	--
Price to Sales	3.23x	3.29x	2.74x	2.84x
Price to Book	11.01x	11.23x	9.11x	7.06x
EV/Revenue	3.32x	3.47x	2.93x	3.11x
EV/EBITDA	35.87x	36.71x	32.21x	32.34x
Price to FCF (P/FCF)	54.27x	45.25x	48.98x	41.8x
EV/FCF	55.86x	47.8x	52.52x	45.76x
FCF Yield	1.84%	2.21%	2.04%	2.39%