BDMS-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	301.95B EUR	362.38B EUR	362.38B EUR	325.79B EUR
Enterprise Value	320.35B EUR	377.55B EUR	369.02B EUR	336.93B EUR
Valuation Multiples
Trailing P/E	19.59x	23.66x	23.29x	28.32x
Forward P/E	--	--	--	--
Price to Sales	2.66x	3.24x	3.25x	3.91x
Price to Book	2.92x	3.51x	3.29x	3.08x
EV/Revenue	2.82x	3.38x	3.31x	4.04x
EV/EBITDA	12.31x	14.04x	13.68x	16.92x
Price to FCF (P/FCF)	41.41x	30.41x	29.84x	42.72x
EV/FCF	43.94x	31.68x	30.39x	44.18x
FCF Yield	2.41%	3.29%	3.35%	2.34%