BWFG 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	515.95M EUR	468.42M EUR	386.86M EUR	361.98M EUR
Enterprise Value	404.36M EUR	376.87M EUR	307.71M EUR	327.11M EUR
Valuation Multiples
Trailing P/E	12.03x	10.93x	9.77x	12.79x
Forward P/E	10.94x	--	--	--
Price to Sales	4.28x	3.85x	3.36x	4.27x
Price to Book	1.55x	1.45x	1.24x	1.2x
EV/Revenue	3.35x	3.09x	2.68x	3.86x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.58x	12.66x	15.53x
EV/FCF	--	10.92x	10.07x	14.04x
FCF Yield	--	7.36%	7.9%	6.44%