BMAX.ST Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	3.12B EUR	2.74B EUR	3.19B EUR
Enterprise Value	5.02B EUR	4.65B EUR	5.39B EUR
Valuation Multiples
Trailing P/E	13.4x	13.52x	--
Forward P/E	15.88x	--	--
Price to Sales	0.51x	0.43x	0.63x
Price to Book	1.23x	1.09x	1.32x
EV/Revenue	0.81x	0.73x	1.06x
EV/EBITDA	9.98x	4.91x	9.45x
Price to FCF (P/FCF)	4.6x	2.82x	7.93x
EV/FCF	7.41x	4.77x	13.4x
FCF Yield	21.73%	35.5%	12.61%