XERS 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	1.91B EUR	1.37B EUR	1B EUR	1.3B EUR
Enterprise Value	2.03B EUR	1.54B EUR	1.15B EUR	1.45B EUR
Valuation Multiples
Trailing P/E	--	--	83.35x	133.5x
Forward P/E	28.32x	--	--	--
Price to Sales	5.7x	4.1x	3.18x	5.63x
Price to Book	--	--	76.92x	95.32x
EV/Revenue	6.04x	4.6x	3.65x	6.27x
EV/EBITDA	41.53x	28.21x	21.48x	35.32x
Price to FCF (P/FCF)	36.43x	24.7x	21.06x	34.36x
EV/FCF	38.62x	27.71x	24.15x	38.23x
FCF Yield	2.75%	4.05%	4.75%	2.91%