XPBR31.SA 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	81.19B EUR	42.58B EUR	50.53B EUR	47.59B EUR
Enterprise Value	-50.46B EUR	141.89B EUR	150.62B EUR	141.46B EUR
Valuation Multiples
Trailing P/E	15.78x	8.01x	9.64x	12.1x
Forward P/E	12.14x	--	--	--
Price to Sales	4.36x	5.05x	6.13x	7.53x
Price to Book	3.52x	1.71x	2.04x	2.02x
EV/Revenue	-2.71x	16.85x	18.26x	22.39x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	3.33x	2.7x	3.34x
EV/FCF	--	11.1x	8.05x	9.92x
FCF Yield	--	30.03%	37.05%	29.97%