BXSL 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	5.56B EUR	5.52B EUR	5.5B EUR	6.11B EUR
Enterprise Value	12.97B EUR	12.79B EUR	13.19B EUR	13.9B EUR
Valuation Multiples
Trailing P/E	18.79x	18.8x	12.54x	14.77x
Forward P/E	9.25x	--	--	--
Price to Sales	4.08x	16.16x	11.35x	13.75x
Price to Book	0.93x	0.93x	0.9x	0.98x
EV/Revenue	9.52x	37.45x	27.2x	31.29x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	13.59x	37.28x	--	--
EV/FCF	31.71x	86.41x	--	--
FCF Yield	7.36%	2.68%	-11.52%	-14.46%