RDY 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	10.4B EUR	12.07B EUR	11.53B EUR	11.69B EUR
Enterprise Value	54.68B EUR	72.82B EUR	73.51B EUR	60.76B EUR
Valuation Multiples
Trailing P/E	28.36x	0.36x	0.27x	0.29x
Forward P/E	19.45x	--	--	--
Price to Sales	0.03x	0.04x	0.03x	0.04x
Price to Book	15.64x	0.03x	0.03x	0.03x
EV/Revenue	0.17x	0.22x	0.22x	0.23x
EV/EBITDA	1x	1.12x	0.93x	0.9x
Price to FCF (P/FCF)	--	1.31x	0.63x	0.87x
EV/FCF	--	7.9x	4.01x	4.5x
FCF Yield	-37.61%	76.38%	158.94%	115.56%