VLY 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	6.97B EUR	8.1B EUR	6.81B EUR	6.5B EUR
Enterprise Value	9.86B EUR	10.53B EUR	8.63B EUR	8.26B EUR
Valuation Multiples
Trailing P/E	10.79x	11.68x	10.38x	13.22x
Forward P/E	8.18x	--	--	--
Price to Sales	3.47x	3.76x	3.26x	4.2x
Price to Book	0.92x	1.02x	0.87x	0.83x
EV/Revenue	4.91x	4.89x	4.13x	5.34x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	14.09x	11.93x	18.01x
EV/FCF	--	18.32x	15.13x	22.87x
FCF Yield	--	7.1%	8.38%	5.55%