LCNB 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	264M EUR	250.73M EUR	222.09M EUR	232.63M EUR
Enterprise Value	352.16M EUR	332.9M EUR	301.09M EUR	319.61M EUR
Valuation Multiples
Trailing P/E	10.71x	10.22x	9.68x	12.57x
Forward P/E	10.01x	--	--	--
Price to Sales	2.87x	2.6x	2.36x	3.3x
Price to Book	0.94x	0.89x	0.81x	0.85x
EV/Revenue	3.83x	3.45x	3.2x	4.54x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	6.92x	6.52x	7.43x
EV/FCF	--	9.18x	8.84x	10.21x
FCF Yield	--	14.46%	15.34%	13.45%