NEE 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	161.38B EUR	183.03B EUR	193.69B EUR	167.22B EUR
Enterprise Value	279.74B EUR	290.36B EUR	296.09B EUR	260.03B EUR
Valuation Multiples
Trailing P/E	17.39x	19.68x	23.67x	27.87x
Forward P/E	17.68x	--	--	--
Price to Sales	5.62x	6.38x	6.95x	7.9x
Price to Book	2.83x	3.2x	3.51x	3.06x
EV/Revenue	9.75x	10.12x	10.63x	12.29x
EV/EBITDA	19.17x	17.44x	18.36x	20.93x
Price to FCF (P/FCF)	--	60.05x	81.97x	56.82x
EV/FCF	--	95.26x	125.3x	88.36x
FCF Yield	-11.01%	1.67%	1.22%	1.76%