STA-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	36.25B EUR	26.11B EUR	26.11B EUR	26.42B EUR
Enterprise Value	83.33B EUR	54.61B EUR	61.02B EUR	62.93B EUR
Valuation Multiples
Trailing P/E	--	70.04x	--	--
Forward P/E	--	--	--	--
Price to Sales	0.34x	0.25x	0.25x	0.33x
Price to Book	0.73x	0.52x	0.54x	0.55x
EV/Revenue	0.79x	0.51x	0.58x	0.8x
EV/EBITDA	14.46x	7.44x	12.56x	26.76x
Price to FCF (P/FCF)	11.57x	8.39x	2.15x	3x
EV/FCF	26.59x	17.55x	5.03x	7.15x
FCF Yield	8.65%	11.92%	46.49%	33.31%