BML-PL 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	--	139.1B EUR	138.91B EUR
Enterprise Value	84.71B EUR	272.83B EUR	265.5B EUR
Valuation Multiples
Trailing P/E	5.63x	4.38x	4.55x
Forward P/E	--	--	--
Price to Sales	--	1.19x	1.21x
Price to Book	0.5x	0.46x	0.46x
EV/Revenue	0.74x	2.33x	2.31x
EV/EBITDA	--	--	--
Price to FCF (P/FCF)	--	2.46x	11.01x
EV/FCF	--	4.82x	21.05x
FCF Yield	--	40.67%	9.08%