FBP 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	4.07B EUR	3.98B EUR	3.3B EUR	3.25B EUR
Enterprise Value	3.68B EUR	3.62B EUR	3.04B EUR	2.88B EUR
Valuation Multiples
Trailing P/E	11.21x	10.68x	9.27x	12.12x
Forward P/E	10.34x	--	--	--
Price to Sales	4.27x	4.03x	3.41x	4.52x
Price to Book	2.05x	2.01x	1.68x	1.65x
EV/Revenue	3.86x	3.67x	3.14x	4.01x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	9.02x	7.4x	9.82x
EV/FCF	--	8.21x	6.81x	8.7x
FCF Yield	--	11.08%	13.52%	10.19%