UNH 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	340.46B EUR	376.15B EUR	245.61B EUR	299.03B EUR
Enterprise Value	382.32B EUR	420.89B EUR	295.52B EUR	353.05B EUR
Valuation Multiples
Trailing P/E	24.39x	26.64x	20.39x	51.88x
Forward P/E	16.78x	--	--	--
Price to Sales	0.76x	0.84x	0.55x	0.88x
Price to Book	3.49x	3.82x	2.51x	3.18x
EV/Revenue	0.85x	0.94x	0.66x	1.04x
EV/EBITDA	14.33x	16.21x	12.76x	26.86x
Price to FCF (P/FCF)	14.03x	15.93x	12.49x	25.96x
EV/FCF	15.75x	17.82x	15.03x	30.65x
FCF Yield	7.13%	6.28%	8.01%	3.85%