FSBW 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	346.72M EUR	322.19M EUR	289.48M EUR	309.08M EUR
Enterprise Value	671.11M EUR	673.43M EUR	473.34M EUR	465.72M EUR
Valuation Multiples
Trailing P/E	10.11x	9.66x	8.73x	12.2x
Forward P/E	9.45x	--	--	--
Price to Sales	2.39x	2.11x	1.91x	2.71x
Price to Book	1.01x	1.01x	0.92x	1x
EV/Revenue	4.63x	4.41x	3.13x	4.08x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	3.28x	5.51x	7.01x
EV/FCF	--	6.86x	9.01x	10.56x
FCF Yield	--	30.45%	18.15%	14.27%