BRX 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	8.38B EUR	9.68B EUR	8.84B EUR	8.03B EUR
Enterprise Value	13.55B EUR	14.83B EUR	14.01B EUR	13.19B EUR
Valuation Multiples
Trailing P/E	19.5x	22.37x	19.89x	25.36x
Forward P/E	25.26x	--	--	--
Price to Sales	5.97x	6.89x	6.36x	7.76x
Price to Book	2.77x	3.2x	2.91x	2.67x
EV/Revenue	9.65x	10.56x	10.09x	12.75x
EV/EBITDA	14.64x	15.72x	15.04x	19x
Price to FCF (P/FCF)	13.89x	14.12x	13.33x	15.38x
EV/FCF	22.46x	21.64x	21.13x	25.27x
FCF Yield	7.2%	7.08%	7.5%	6.5%