WFC 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	252.66B EUR	250.28B EUR	243.95B EUR	288.23B EUR
Enterprise Value	247.6B EUR	254.21B EUR	285.39B EUR	307.06B EUR
Valuation Multiples
Trailing P/E	12.14x	11.07x	11.24x	17.53x
Forward P/E	10.4x	--	--	--
Price to Sales	3.04x	2.88x	2.88x	4.55x
Price to Book	1.53x	1.39x	1.37x	1.59x
EV/Revenue	2.98x	2.93x	3.37x	4.85x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.06x	206.91x	--
EV/FCF	--	13.26x	242.06x	--
FCF Yield	--	7.66%	0.48%	-2.76%