BML-PH Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	--	137.39B EUR	133.14B EUR
Enterprise Value	72.26B EUR	271.12B EUR	259.73B EUR
Valuation Multiples
Trailing P/E	5.18x	4.33x	4.36x
Forward P/E	--	--	--
Price to Sales	--	1.17x	1.16x
Price to Book	0.46x	0.46x	0.44x
EV/Revenue	0.63x	2.32x	2.26x
EV/EBITDA	--	--	--
Price to FCF (P/FCF)	--	2.43x	10.56x
EV/FCF	--	4.79x	20.59x
FCF Yield	--	41.17%	9.47%