BVN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	8.24B EUR	9.15B EUR	7.07B EUR
Enterprise Value	8.14B EUR	8.4B EUR	6.55B EUR
Valuation Multiples
Trailing P/E	7.38x	9.36x	9.04x
Forward P/E	8.89x	--	--
Price to Sales	3.73x	4.47x	4.08x
Price to Book	1.91x	2.21x	1.74x
EV/Revenue	3.69x	4.1x	3.78x
EV/EBITDA	7.15x	6.44x	6.69x
Price to FCF (P/FCF)	58.96x	23.01x	67.76x
EV/FCF	58.23x	21.12x	62.77x
FCF Yield	1.7%	4.35%	1.48%