BMY 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	120.77B EUR	117.64B EUR	123.83B EUR	109.81B EUR
Enterprise Value	155.69B EUR	153.98B EUR	160.69B EUR	146.74B EUR
Valuation Multiples
Trailing P/E	13.02x	12.67x	17.02x	23.88x
Forward P/E	8.94x	--	--	--
Price to Sales	2.46x	2.39x	2.55x	2.97x
Price to Book	5.41x	5.27x	6.17x	5.94x
EV/Revenue	3.17x	3.13x	3.31x	3.97x
EV/EBITDA	8.23x	8.28x	8.44x	9.85x
Price to FCF (P/FCF)	14.88x	10.28x	10.4x	9.85x
EV/FCF	19.19x	13.46x	13.49x	13.16x
FCF Yield	6.72%	9.72%	9.62%	10.15%