FMNB 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	886.94M EUR	864.8M EUR	778.96M EUR	501.54M EUR
Enterprise Value	1.2B EUR	1.28B EUR	1.18B EUR	848.79M EUR
Valuation Multiples
Trailing P/E	10.11x	13.02x	13.6x	12.23x
Forward P/E	8.51x	--	--	--
Price to Sales	4.06x	3.87x	3.89x	3.49x
Price to Book	1.13x	1.1x	1.02x	1.03x
EV/Revenue	5.51x	5.71x	5.87x	5.9x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	14.27x	16.55x	12.54x
EV/FCF	--	21.08x	24.98x	21.21x
FCF Yield	--	7.01%	6.04%	7.98%