BJC-R.BK 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	74.95B EUR	79.35B EUR	79.35B EUR	79.35B EUR
Enterprise Value	252.51B EUR	250.22B EUR	235.38B EUR	235.24B EUR
Valuation Multiples
Trailing P/E	17.16x	13.41x	19.47x	26.3x
Forward P/E	--	--	--	--
Price to Sales	0.48x	0.5x	0.5x	0.66x
Price to Book	0.64x	0.68x	0.65x	0.66x
EV/Revenue	1.6x	1.57x	1.49x	1.97x
EV/EBITDA	12.48x	10.77x	11.16x	14.78x
Price to FCF (P/FCF)	5.17x	7.17x	7.09x	10.29x
EV/FCF	17.42x	22.61x	21.03x	30.5x
FCF Yield	19.34%	13.95%	14.1%	9.72%