MBK-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	27.39B EUR	23.72B EUR	23.72B EUR	23.88B EUR
Enterprise Value	53.88B EUR	52.55B EUR	54.46B EUR	55.41B EUR
Valuation Multiples
Trailing P/E	7.03x	5.07x	5.25x	7.22x
Forward P/E	--	--	--	--
Price to Sales	1.9x	1.97x	1.96x	2.66x
Price to Book	0.93x	0.81x	0.83x	0.87x
EV/Revenue	3.73x	4.36x	4.49x	6.18x
EV/EBITDA	7.84x	7.06x	7.41x	10.66x
Price to FCF (P/FCF)	5.32x	4.34x	4.55x	5.7x
EV/FCF	10.47x	9.62x	10.44x	13.23x
FCF Yield	18.78%	23.03%	21.99%	17.53%