ASB-PF 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	--	3.64B EUR	3.27B EUR	3.42B EUR
Enterprise Value	7.55B EUR	6.99B EUR	5.89B EUR	5.56B EUR
Valuation Multiples
Trailing P/E	8.94x	7.21x	6.63x	9.16x
Forward P/E	--	--	--	--
Price to Sales	--	2.27x	2.15x	3.01x
Price to Book	0.63x	0.65x	0.65x	0.69x
EV/Revenue	4.85x	4.36x	3.88x	4.89x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	5.36x	5.3x	6.99x
EV/FCF	--	10.28x	9.57x	11.38x
FCF Yield	--	18.67%	18.86%	14.3%