BANC 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	2.74B EUR	3.24B EUR	2.71B EUR	3B EUR
Enterprise Value	3.6B EUR	3.45B EUR	4B EUR	3.71B EUR
Valuation Multiples
Trailing P/E	--	--	10.96x	17.1x
Forward P/E	8.12x	--	--	--
Price to Sales	3.97x	3.75x	2.42x	3.57x
Price to Book	0.94x	0.95x	0.76x	0.85x
EV/Revenue	5.21x	4x	3.56x	4.42x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	8.89x	10.16x	13.56x
EV/FCF	--	9.48x	14.99x	16.76x
FCF Yield	--	11.25%	9.84%	7.38%