USFD 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	21.08B EUR	22.12B EUR	20.32B EUR	16.61B EUR
Enterprise Value	26.36B EUR	27.47B EUR	25.6B EUR	22.29B EUR
Valuation Multiples
Trailing P/E	29.98x	30.38x	30.02x	29.6x
Forward P/E	17.56x	--	--	--
Price to Sales	0.53x	0.55x	0.51x	0.55x
Price to Book	4.92x	5.17x	4.69x	3.86x
EV/Revenue	0.66x	0.68x	0.65x	0.74x
EV/EBITDA	14.78x	15.5x	15.06x	16.44x
Price to FCF (P/FCF)	26.18x	23.38x	23.97x	25.47x
EV/FCF	32.74x	29.03x	30.19x	34.19x
FCF Yield	3.82%	4.28%	4.17%	3.93%