BSX 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	61.93B EUR	62.75B EUR	93.26B EUR	141.4B EUR
Enterprise Value	73.25B EUR	62.75B EUR	102.84B EUR	150.88B EUR
Valuation Multiples
Trailing P/E	17.3x	22.67x	26.16x	48.79x
Forward P/E	12.65x	--	--	--
Price to Sales	2.95x	4.03x	4.52x	7.04x
Price to Book	2.48x	--	3.61x	5.84x
EV/Revenue	3.49x	4.03x	4.99x	7.52x
EV/EBITDA	12.83x	14.97x	18.1x	28.29x
Price to FCF (P/FCF)	25.26x	27.8x	28.28x	41.54x
EV/FCF	29.88x	27.8x	31.18x	44.32x
FCF Yield	3.96%	3.6%	3.54%	2.41%