WFC-PD 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	--	50.76B EUR	52.86B EUR	54.96B EUR
Enterprise Value	45.32B EUR	54.69B EUR	94.3B EUR	73.78B EUR
Valuation Multiples
Trailing P/E	3.13x	2.24x	2.44x	3.34x
Forward P/E	--	--	--	--
Price to Sales	--	0.58x	0.62x	0.87x
Price to Book	0.28x	0.28x	0.3x	0.3x
EV/Revenue	0.55x	0.63x	1.11x	1.17x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	2.65x	44.83x	--
EV/FCF	--	2.85x	79.98x	--
FCF Yield	--	37.77%	2.23%	-14.49%