PNFP 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	14.2B EUR	15.23B EUR	13.01B EUR	7.41B EUR
Enterprise Value	18.47B EUR	17.83B EUR	18.15B EUR	6.14B EUR
Valuation Multiples
Trailing P/E	12.95x	18.56x	19.96x	14.76x
Forward P/E	8.18x	--	--	--
Price to Sales	4.3x	4.61x	4.99x	5.22x
Price to Book	1.01x	1.03x	0.89x	1.05x
EV/Revenue	5.59x	5.4x	6.96x	4.33x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	10.61x	8.04x	10.48x
EV/FCF	--	12.43x	11.21x	8.68x
FCF Yield	--	9.42%	12.43%	9.54%