NBIX 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	14.48B EUR	17.12B EUR	13.25B EUR	14.2B EUR
Enterprise Value	14.43B EUR	17.19B EUR	13.39B EUR	13.9B EUR
Valuation Multiples
Trailing P/E	20.89x	24.27x	19.82x	30.16x
Forward P/E	11.99x	--	--	--
Price to Sales	4.29x	5.08x	4.27x	6.21x
Price to Book	3.92x	4.64x	3.89x	4.36x
EV/Revenue	4.28x	5.1x	4.32x	6.08x
EV/EBITDA	15.8x	20.99x	16.86x	21.01x
Price to FCF (P/FCF)	22.69x	19.67x	15.94x	20.44x
EV/FCF	22.61x	19.75x	16.11x	20.01x
FCF Yield	4.41%	5.08%	6.27%	4.89%