BEM-R.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	95.86B EUR	281.58B EUR	281.58B EUR	498.01B EUR
Enterprise Value	126.38B EUR	407.38B EUR	400.1B EUR	608.53B EUR
Valuation Multiples
Trailing P/E	26.67x	74.04x	74.4x	171.15x
Forward P/E	--	--	--	--
Price to Sales	5.66x	16.64x	16.62x	39.35x
Price to Book	0.03x	7.58x	7.42x	13.46x
EV/Revenue	7.47x	24.07x	23.62x	48.08x
EV/EBITDA	13.99x	44.44x	43.66x	87.69x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-22.09%	-8.8%	-8.9%	-3.53%