PAZ.TA 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	8.96B EUR	852.05B EUR	832.94B EUR	769.2B EUR
Enterprise Value	13.26B EUR	856.25B EUR	837.08B EUR	773.18B EUR
Valuation Multiples
Trailing P/E	15.44x	1,410.68x	1,423.83x	1,822.75x
Forward P/E	--	--	--	--
Price to Sales	0.79x	74.85x	75.52x	92.18x
Price to Book	266.1x	250.09x	246.8x	226.77x
EV/Revenue	1.17x	75.22x	75.9x	92.65x
EV/EBITDA	12.73x	598.36x	595.78x	747.03x
Price to FCF (P/FCF)	12.68x	858.06x	934.84x	961.5x
EV/FCF	18.77x	862.28x	939.48x	966.47x
FCF Yield	7.89%	0.12%	0.11%	0.1%