SFBS 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	4.2B EUR	4.74B EUR	3.98B EUR	3.92B EUR
Enterprise Value	5.49B EUR	3.57B EUR	2.7B EUR	2.83B EUR
Valuation Multiples
Trailing P/E	13.11x	14.79x	13.43x	18.38x
Forward P/E	10.91x	--	--	--
Price to Sales	7.18x	7.66x	6.83x	9.25x
Price to Book	2.12x	2.4x	2.08x	2.12x
EV/Revenue	9.38x	5.77x	4.63x	6.69x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	10.22x	10.76x	12.95x
EV/FCF	--	7.69x	7.29x	9.36x
FCF Yield	--	9.79%	9.29%	7.72%