WFC-PY 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	--	68.51B EUR	72.1B EUR	75.12B EUR
Enterprise Value	59.72B EUR	72.44B EUR	113.54B EUR	93.94B EUR
Valuation Multiples
Trailing P/E	4.11x	3.03x	3.32x	4.57x
Forward P/E	--	--	--	--
Price to Sales	--	0.79x	0.85x	1.19x
Price to Book	0.37x	0.38x	0.4x	0.41x
EV/Revenue	0.72x	0.83x	1.34x	1.48x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	3.57x	61.16x	--
EV/FCF	--	3.78x	96.3x	--
FCF Yield	--	27.98%	1.64%	-10.6%