SBRA 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	4.84B EUR	4.98B EUR	4.85B EUR	4.77B EUR
Enterprise Value	7.2B EUR	7.4B EUR	7.42B EUR	7.25B EUR
Valuation Multiples
Trailing P/E	75.84x	76.16x	31.05x	41.34x
Forward P/E	23.41x	--	--	--
Price to Sales	5.61x	5.8x	5.97x	8.07x
Price to Book	1.76x	1.81x	1.74x	1.69x
EV/Revenue	8.34x	8.61x	9.13x	12.26x
EV/EBITDA	19.51x	19.81x	15.43x	20.27x
Price to FCF (P/FCF)	31.22x	13.41x	13.22x	17.76x
EV/FCF	46.43x	19.91x	20.23x	27x
FCF Yield	3.2%	7.46%	7.56%	5.63%