BFAM 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	3.38B EUR	3.49B EUR	4.34B EUR	5.64B EUR
Enterprise Value	5.24B EUR	5.38B EUR	6.08B EUR	7.26B EUR
Valuation Multiples
Trailing P/E	21.98x	19.94x	22.95x	36.37x
Forward P/E	11.78x	--	--	--
Price to Sales	1.12x	1.15x	1.46x	2.49x
Price to Book	3.62x	3.7x	3.79x	4.21x
EV/Revenue	1.73x	1.78x	2.04x	3.2x
EV/EBITDA	11.02x	13.2x	14.76x	22.41x
Price to FCF (P/FCF)	14.06x	14.79x	15.78x	30.06x
EV/FCF	21.82x	22.81x	22.1x	38.7x
FCF Yield	7.11%	6.76%	6.34%	3.33%