YPF 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	19.62B EUR	178.28B EUR	181.37B EUR	141.9B EUR
Enterprise Value	12.78T EUR	187.8B EUR	190.8B EUR	152.11B EUR
Valuation Multiples
Trailing P/E	26.34x	239.3x	--	--
Forward P/E	9.12x	--	--	--
Price to Sales	0x	8.61x	9.66x	10.26x
Price to Book	1.61x	14.23x	15.96x	13.12x
EV/Revenue	0.44x	9.07x	10.16x	11x
EV/EBITDA	1.33x	25.66x	40.24x	49.73x
Price to FCF (P/FCF)	0.02x	73.82x	78.31x	92.08x
EV/FCF	10.27x	77.76x	82.38x	98.71x
FCF Yield	6,341.26%	1.35%	1.28%	1.09%