BLDN.QA 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	3.25B EUR	2.91B EUR	2.7B EUR	2.86B EUR
Enterprise Value	5.87B EUR	5.65B EUR	5.11B EUR	5.04B EUR
Valuation Multiples
Trailing P/E	4.67x	5.57x	5.49x	5.85x
Forward P/E	11.04x	--	--	--
Price to Sales	2.53x	2.96x	2.79x	2.95x
Price to Book	0.79x	0.88x	0.9x	0.98x
EV/Revenue	4.57x	5.73x	5.28x	5.2x
EV/EBITDA	16.8x	17.43x	16.05x	16.67x
Price to FCF (P/FCF)	--	--	124.53x	--
EV/FCF	--	--	235.37x	--
FCF Yield	-4.39%	-6.09%	0.8%	-0.08%