PNC 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	87.45B EUR	98.36B EUR	83.66B EUR	81.49B EUR
Enterprise Value	168.08B EUR	155.33B EUR	118.63B EUR	98.88B EUR
Valuation Multiples
Trailing P/E	12.07x	12.89x	11.6x	14.94x
Forward P/E	10.23x	--	--	--
Price to Sales	3.6x	4x	3.52x	4.62x
Price to Book	1.51x	1.54x	1.31x	1.35x
EV/Revenue	6.91x	6.32x	4.99x	5.61x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.14x	12.27x	16.65x
EV/FCF	--	20.74x	17.39x	20.21x
FCF Yield	--	7.61%	8.15%	6%