BRAV3.SA 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	9.56B EUR	8.97B EUR	9.56B EUR	7.82B EUR
Enterprise Value	23.93B EUR	26.97B EUR	28.24B EUR	27.62B EUR
Valuation Multiples
Trailing P/E	187x	--	85.57x	6.06x
Forward P/E	8.12x	--	--	--
Price to Sales	0.77x	0.97x	1.08x	0.91x
Price to Book	0.78x	0.73x	0.84x	0.66x
EV/Revenue	1.94x	2.91x	3.2x	3.23x
EV/EBITDA	5.07x	5.21x	5.23x	5.04x
Price to FCF (P/FCF)	6.86x	3.13x	2.78x	2.56x
EV/FCF	17.17x	9.42x	8.22x	9.03x
FCF Yield	14.58%	31.92%	35.94%	39.12%