BNY 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	96.83B EUR	99.22B EUR	81.43B EUR	79.9B EUR
Enterprise Value	-28.61B EUR	99.22B EUR	-71.86B EUR	-14.47B EUR
Valuation Multiples
Trailing P/E	16.65x	21.86x	13.66x	14.4x
Forward P/E	13.9x	--	--	--
Price to Sales	4.52x	6.42x	3.99x	4.04x
Price to Book	2.43x	--	1.82x	1.8x
EV/Revenue	-1.34x	6.42x	-3.52x	-0.73x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	--	55.96x	15.43x
EV/FCF	--	--	-49.39x	-2.8x
FCF Yield	--	-0.39%	1.79%	6.48%