WAWI.OL 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	76.12B EUR	55.52B EUR	51.5B EUR	42.7B EUR
Enterprise Value	75.18B EUR	57.53B EUR	53.56B EUR	44.43B EUR
Valuation Multiples
Trailing P/E	10.71x	125.9x	73.88x	55.97x
Forward P/E	10.94x	--	--	--
Price to Sales	14.78x	14.54x	13.33x	10.93x
Price to Book	2.08x	15.17x	16.86x	12.97x
EV/Revenue	14.59x	15.06x	13.86x	11.37x
EV/EBITDA	67.48x	51.69x	43.8x	33.99x
Price to FCF (P/FCF)	--	83.87x	57.15x	39.69x
EV/FCF	--	86.91x	59.45x	41.29x
FCF Yield	-0.24%	1.19%	1.75%	2.52%