OBDC 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	4.99B EUR	5.36B EUR	5.49B EUR	6.21B EUR
Enterprise Value	12.7B EUR	13.05B EUR	13.5B EUR	14.99B EUR
Valuation Multiples
Trailing P/E	18.05x	18.57x	15.23x	16.13x
Forward P/E	7.73x	--	--	--
Price to Sales	2.93x	14.3x	12.35x	13.9x
Price to Book	0.71x	0.76x	0.77x	0.84x
EV/Revenue	7.48x	34.81x	30.37x	33.55x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	10.33x	3.87x	2.97x	6.76x
EV/FCF	26.32x	9.43x	7.31x	16.31x
FCF Yield	9.68%	25.81%	33.65%	14.8%