URI 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	65.75B EUR	70.62B EUR	45.7B EUR	51.06B EUR
Enterprise Value	80.64B EUR	85.89B EUR	60.57B EUR	66.28B EUR
Valuation Multiples
Trailing P/E	25.4x	26.77x	18.23x	25.84x
Forward P/E	18.43x	--	--	--
Price to Sales	3.91x	4.2x	2.79x	4.12x
Price to Book	7.14x	7.66x	5.1x	5.69x
EV/Revenue	4.79x	5.1x	3.7x	5.35x
EV/EBITDA	17.19x	11.46x	8.35x	11.97x
Price to FCF (P/FCF)	38.54x	111.74x	68.93x	--
EV/FCF	47.26x	135.91x	91.35x	--
FCF Yield	2.6%	0.89%	1.45%	-0.04%