PTBA.JK Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	38T EUR	26.37T EUR	36.62T EUR
Enterprise Value	33.79T EUR	22.48T EUR	35.14T EUR
Valuation Multiples
Trailing P/E	8.01x	5.7x	11.55x
Forward P/E	8.07x	--	--
Price to Sales	0.86x	0.6x	0.88x
Price to Book	1.51x	1.05x	1.56x
EV/Revenue	0.76x	0.51x	0.84x
EV/EBITDA	5.65x	3.62x	7.75x
Price to FCF (P/FCF)	14.41x	5.76x	12.9x
EV/FCF	12.81x	4.91x	12.38x
FCF Yield	6.94%	17.36%	7.75%