SB1NO.OL 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	81.11B EUR	71.88B EUR	78.24B EUR	74.38B EUR
Enterprise Value	304.38B EUR	289.48B EUR	285.93B EUR	289.79B EUR
Valuation Multiples
Trailing P/E	13.06x	14.77x	16.1x	14.89x
Forward P/E	11.83x	--	--	--
Price to Sales	6.04x	7.61x	8.14x	7.62x
Price to Book	1.64x	1.34x	1.39x	1.34x
EV/Revenue	22.67x	30.66x	29.73x	29.69x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	8.14x	7.93x	4.94x
EV/FCF	--	32.8x	28.96x	19.23x
FCF Yield	--	12.28%	12.62%	20.26%