USB-PH 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	--	28.62B EUR	28.43B EUR	27.76B EUR
Enterprise Value	64.87B EUR	58.13B EUR	59.23B EUR	49.29B EUR
Valuation Multiples
Trailing P/E	3.93x	3.5x	3.64x	4.74x
Forward P/E	--	--	--	--
Price to Sales	--	0.97x	0.98x	1.28x
Price to Book	0.47x	0.42x	0.43x	0.43x
EV/Revenue	2.37x	1.97x	2.05x	2.28x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.28x	2.96x	3.35x
EV/FCF	--	4.64x	6.16x	5.95x
FCF Yield	--	43.77%	33.84%	29.82%