BANPU-R.BK 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	45.72B EUR	30.78B EUR	30.78B EUR
Enterprise Value	68.09B EUR	41.85B EUR	62.48B EUR
Valuation Multiples
Trailing P/E	--	3.7x	10.17x
Forward P/E	--	--	--
Price to Sales	8.26x	1.19x	1.11x
Price to Book	1.2x	0.55x	0.64x
EV/Revenue	12.3x	1.62x	2.24x
EV/EBITDA	63.96x	5.09x	7.84x
Price to FCF (P/FCF)	--	53.37x	310.73x
EV/FCF	--	72.56x	630.68x
FCF Yield	-0.66%	1.87%	0.32%