BKR 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	56.28B EUR	55.07B EUR	60.55B EUR	44.94B EUR
Enterprise Value	55.29B EUR	55.6B EUR	61.95B EUR	47.31B EUR
Valuation Multiples
Trailing P/E	18.23x	17.79x	19.43x	20.56x
Forward P/E	19.19x	--	--	--
Price to Sales	2.03x	1.99x	2.17x	2.11x
Price to Book	2.83x	2.77x	3.13x	2.39x
EV/Revenue	1.99x	2.01x	2.22x	2.22x
EV/EBITDA	11.43x	12.6x	14.15x	14.46x
Price to FCF (P/FCF)	12.75x	17.61x	26.42x	21.12x
EV/FCF	12.52x	17.77x	27.03x	22.23x
FCF Yield	7.84%	5.68%	3.79%	4.74%