GBCI 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	5.56B EUR	6.72B EUR	5.81B EUR	5.73B EUR
Enterprise Value	6.81B EUR	5.98B EUR	4.75B EUR	5.25B EUR
Valuation Multiples
Trailing P/E	17.58x	21.55x	21.8x	31.04x
Forward P/E	11.97x	--	--	--
Price to Sales	4.93x	5.78x	5.35x	7.27x
Price to Book	1.29x	1.56x	1.37x	1.36x
EV/Revenue	6.03x	5.15x	4.37x	6.67x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	16.49x	15.5x	19.04x
EV/FCF	--	14.69x	12.66x	17.46x
FCF Yield	--	6.06%	6.45%	5.25%