BAC-PM Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	--	154.36B EUR	158.6B EUR
Enterprise Value	79.96B EUR	288.09B EUR	285.19B EUR
Valuation Multiples
Trailing P/E	5.46x	4.86x	5.2x
Forward P/E	--	--	--
Price to Sales	--	1.32x	1.38x
Price to Book	0.49x	0.51x	0.52x
EV/Revenue	0.7x	2.46x	2.48x
EV/EBITDA	--	--	--
Price to FCF (P/FCF)	--	2.73x	12.57x
EV/FCF	--	5.09x	22.61x
FCF Yield	--	36.65%	7.95%