CSAN3.SA 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	21.3B EUR	14.59B EUR	21.08B EUR	21.06B EUR
Enterprise Value	89.65B EUR	62.13B EUR	68.5B EUR	64.46B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	9.08x	--	--	--
Price to Sales	0.53x	0.36x	0.53x	0.68x
Price to Book	4.29x	2.94x	6.03x	3.97x
EV/Revenue	2.24x	1.55x	1.72x	2.1x
EV/EBITDA	6.18x	6.62x	8.07x	13.57x
Price to FCF (P/FCF)	--	3.14x	3.98x	4.11x
EV/FCF	--	13.38x	12.94x	12.59x
FCF Yield	-5.91%	31.81%	25.11%	24.32%