CPN-R.BK 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	279.38B EUR	285.84B EUR	285.84B EUR	243.47B EUR
Enterprise Value	404.96B EUR	401.93B EUR	395.48B EUR	354.14B EUR
Valuation Multiples
Trailing P/E	14.05x	14.27x	14.59x	16.66x
Forward P/E	--	--	--	--
Price to Sales	4.92x	5.53x	5.64x	6.39x
Price to Book	2.56x	2.62x	2.49x	2.22x
EV/Revenue	7.13x	7.78x	7.8x	9.29x
EV/EBITDA	12.66x	11.14x	11.24x	13.73x
Price to FCF (P/FCF)	7.64x	7.23x	7.4x	7.74x
EV/FCF	11.07x	10.17x	10.23x	11.26x
FCF Yield	13.09%	13.83%	13.52%	12.92%