MBWM 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	998.78M EUR	992.56M EUR	872.35M EUR	826.41M EUR
Enterprise Value	1.36B EUR	1.12B EUR	776.8M EUR	849.98M EUR
Valuation Multiples
Trailing P/E	10.15x	10.42x	9.49x	11.94x
Forward P/E	10.05x	--	--	--
Price to Sales	3.78x	3.81x	3.45x	4.46x
Price to Book	1.32x	1.31x	1.18x	1.14x
EV/Revenue	5.15x	4.31x	3.07x	4.58x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	14.55x	20.24x	52.56x
EV/FCF	--	16.47x	18.03x	54.06x
FCF Yield	--	6.87%	4.94%	1.9%