BDMS.BK 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	301.95B EUR	306.72B EUR	298.77B EUR	306.72B EUR
Enterprise Value	320.35B EUR	321.89B EUR	305.41B EUR	317.86B EUR
Valuation Multiples
Trailing P/E	19.59x	20.02x	19.2x	26.67x
Forward P/E	17.55x	--	--	--
Price to Sales	2.66x	2.74x	2.68x	3.68x
Price to Book	2.92x	2.97x	2.71x	2.9x
EV/Revenue	2.82x	2.88x	2.74x	3.81x
EV/EBITDA	12.31x	11.97x	11.32x	15.96x
Price to FCF (P/FCF)	41.41x	25.74x	24.6x	40.22x
EV/FCF	43.94x	27.01x	25.15x	41.68x
FCF Yield	2.41%	3.89%	4.06%	2.49%