WPC 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	14.44B EUR	16.29B EUR	15.14B EUR	14.1B EUR
Enterprise Value	23.08B EUR	24.98B EUR	23.65B EUR	22.67B EUR
Valuation Multiples
Trailing P/E	21.7x	25.02x	29.29x	41.42x
Forward P/E	20.13x	--	--	--
Price to Sales	7.93x	9.09x	8.6x	10.79x
Price to Book	1.66x	1.88x	1.81x	1.74x
EV/Revenue	12.68x	13.94x	13.43x	17.35x
EV/EBITDA	15.14x	18.52x	18.59x	25.49x
Price to FCF (P/FCF)	13.17x	13.33x	11.71x	13.98x
EV/FCF	21.06x	20.45x	18.3x	22.47x
FCF Yield	7.59%	7.5%	8.54%	7.15%