BESI.AS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	14.2B EUR	22.76B EUR	14.18B EUR
Enterprise Value	14.35B EUR	22.77B EUR	14.34B EUR
Valuation Multiples
Trailing P/E	68.49x	105.65x	89.79x
Forward P/E	27.35x	--	--
Price to Sales	19.35x	30.38x	22.04x
Price to Book	25.3x	39.71x	31.03x
EV/Revenue	19.56x	30.39x	22.28x
EV/EBITDA	51.5x	70.41x	58.35x
Price to FCF (P/FCF)	82.44x	131.61x	83.25x
EV/FCF	83.34x	131.66x	84.18x
FCF Yield	1.21%	0.76%	1.2%