WFC-PA 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	--	55.57B EUR	57.85B EUR	59.84B EUR
Enterprise Value	49.92B EUR	59.51B EUR	99.29B EUR	78.67B EUR
Valuation Multiples
Trailing P/E	3.43x	2.46x	2.67x	3.64x
Forward P/E	--	--	--	--
Price to Sales	--	0.64x	0.68x	0.95x
Price to Book	0.3x	0.31x	0.32x	0.33x
EV/Revenue	0.6x	0.69x	1.17x	1.24x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.9x	49.07x	--
EV/FCF	--	3.1x	84.22x	--
FCF Yield	--	34.5%	2.04%	-13.31%