CBG-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	49.5B EUR	77.5B EUR	77.5B EUR	77.5B EUR
Enterprise Value	4.83B EUR	77.43B EUR	77.76B EUR	78.53B EUR
Valuation Multiples
Trailing P/E	17.43x	36.8x	35.71x	49.71x
Forward P/E	--	--	--	--
Price to Sales	2.4x	3.48x	3.52x	4.64x
Price to Book	0.33x	5.2x	5.26x	5.5x
EV/Revenue	0.23x	3.47x	3.53x	4.7x
EV/EBITDA	1.19x	20.98x	20.78x	28.76x
Price to FCF (P/FCF)	25.78x	31.21x	29.58x	44.06x
EV/FCF	2.51x	31.18x	29.68x	44.65x
FCF Yield	3.88%	3.2%	3.38%	2.27%