VOLV-B.ST 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	641.35B EUR	670.02B EUR	621.22B EUR	601.7B EUR
Enterprise Value	854.76B EUR	883.41B EUR	806.4B EUR	783.94B EUR
Valuation Multiples
Trailing P/E	17.89x	18.69x	18.89x	24.49x
Forward P/E	12.67x	--	--	--
Price to Sales	1.36x	1.42x	1.33x	1.68x
Price to Book	3.63x	3.79x	3.26x	3.37x
EV/Revenue	1.81x	1.87x	1.72x	2.19x
EV/EBITDA	15.22x	11.9x	11.4x	14.59x
Price to FCF (P/FCF)	26.7x	28.77x	26.56x	31.61x
EV/FCF	35.59x	37.93x	34.48x	41.18x
FCF Yield	3.75%	3.48%	3.76%	3.16%