VAKBN.IS 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	336.15B EUR	324.45B EUR	297.48B EUR	304.22B EUR
Enterprise Value	1.15T EUR	444.35B EUR	291.69B EUR	227.02B EUR
Valuation Multiples
Trailing P/E	4.31x	4.25x	4.11x	5.49x
Forward P/E	6.09x	--	--	--
Price to Sales	1.27x	1.03x	1.01x	1.38x
Price to Book	0.93x	0.89x	0.88x	0.93x
EV/Revenue	4.35x	1.42x	0.99x	1.03x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.24x	1.63x	2.61x
EV/FCF	--	3.07x	1.6x	1.95x
FCF Yield	--	44.59%	61.18%	38.27%