BBD 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	45.53B EUR	36.74B EUR	38.65B EUR	35.28B EUR
Enterprise Value	604.64B EUR	359.1B EUR	342.51B EUR	323.13B EUR
Valuation Multiples
Trailing P/E	13.87x	1.51x	1.66x	1.95x
Forward P/E	8.12x	--	--	--
Price to Sales	0.49x	0.3x	0.32x	0.4x
Price to Book	1.25x	0.2x	0.22x	0.2x
EV/Revenue	6.48x	2.93x	2.83x	3.67x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	11.04x	0.41x	3.05x
EV/FCF	--	107.87x	3.61x	27.94x
FCF Yield	--	9.06%	245.42%	32.78%