SBH Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	1.49B EUR	1.33B EUR	1.33B EUR
Enterprise Value	2.84B EUR	2.67B EUR	2.69B EUR
Valuation Multiples
Trailing P/E	8.28x	6.92x	7.22x
Forward P/E	7.1x	--	--
Price to Sales	0.4x	0.36x	0.36x
Price to Book	1.72x	1.53x	1.59x
EV/Revenue	0.76x	0.72x	0.72x
EV/EBITDA	7.29x	6.46x	6.65x
Price to FCF (P/FCF)	8.41x	5.52x	5.81x
EV/FCF	16.06x	11.08x	11.75x
FCF Yield	11.89%	18.13%	17.22%