WFC-PC 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	105.03B EUR	51.94B EUR	53.47B EUR	56.04B EUR
Enterprise Value	46.47B EUR	55.87B EUR	94.91B EUR	74.86B EUR
Valuation Multiples
Trailing P/E	59.65x	2.3x	2.46x	3.41x
Forward P/E	--	--	--	--
Price to Sales	1.27x	0.6x	0.63x	0.89x
Price to Book	0.28x	0.29x	0.3x	0.31x
EV/Revenue	0.56x	0.64x	1.12x	1.18x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.71x	45.35x	--
EV/FCF	--	2.91x	80.5x	--
FCF Yield	--	36.91%	2.2%	-14.21%