BAM-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	20.85B EUR	48.48B EUR	48.48B EUR	48.48B EUR
Enterprise Value	108.88B EUR	136.52B EUR	133.24B EUR	134.44B EUR
Valuation Multiples
Trailing P/E	7.77x	64.45x	26.75x	30.39x
Forward P/E	--	--	--	--
Price to Sales	8.18x	5.27x	5.08x	6.43x
Price to Book	0.48x	1.11x	1.08x	1.08x
EV/Revenue	42.7x	14.84x	13.96x	17.83x
EV/EBITDA	--	66.31x	65.52x	94.02x
Price to FCF (P/FCF)	--	16.37x	6.11x	7.34x
EV/FCF	--	46.1x	16.8x	20.35x
FCF Yield	--	6.11%	16.36%	13.63%