SECU-B.ST 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	90.1B EUR	91.13B EUR	94.58B EUR	84.33B EUR
Enterprise Value	124.02B EUR	124.98B EUR	127.91B EUR	116.56B EUR
Valuation Multiples
Trailing P/E	16.14x	18.36x	19.77x	18.78x
Forward P/E	12.55x	--	--	--
Price to Sales	0.6x	0.81x	0.84x	0.72x
Price to Book	2.19x	2.22x	2.27x	2.16x
EV/Revenue	0.82x	1.11x	1.13x	1x
EV/EBITDA	9.59x	15.1x	15.29x	13.45x
Price to FCF (P/FCF)	12.25x	12.52x	12.46x	13.54x
EV/FCF	16.87x	17.17x	16.85x	18.72x
FCF Yield	8.16%	7.99%	8.03%	7.38%