RYAM 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	474.86M EUR	531.61M EUR	746.54M EUR	394.66M EUR
Enterprise Value	1.2B EUR	1.25B EUR	1.44B EUR	1.1B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	6.13x	--	--	--
Price to Sales	0.32x	0.36x	0.52x	0.36x
Price to Book	2.44x	2.73x	3.25x	1.25x
EV/Revenue	0.82x	0.85x	1.01x	0.99x
EV/EBITDA	8.83x	12.82x	15.76x	8.83x
Price to FCF (P/FCF)	20.76x	--	--	--
EV/FCF	52.42x	--	--	--
FCF Yield	4.82%	-6.88%	-11.23%	-23.77%