Bavarian Nordic A/S (CPH:BAVA)

Bavarian Nordic Ratios and Metrics

Market cap in millions DKK. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 8, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	15,264	14,938	14,877	13,830	15,064	18,904
Market Cap Growth	17.78%	0.41%	7.57%	-8.19%	-20.32%	73.28%
Enterprise Value	12,051	12,093	13,119	12,428	12,787	17,200
Last Close Price	197.70	190.85	189.35	177.45	213.40	268.80
PE Ratio	11.23	10.86	15.06	9.38	-	-
Forward PE	22.13	18.22	9.77	10.96	10.85	276.17
PS Ratio	2.44	2.39	2.60	1.96	4.78	9.96
PB Ratio	1.19	1.16	1.30	1.34	2.11	2.56
P/TBV Ratio	2.21	2.16	2.93	3.59	12.48	12.04
P/FCF Ratio	6.07	5.94	7.97	14.16	-	-
P/OCF Ratio	5.61	5.49	7.63	12.36	68.46	-
EV/Sales Ratio	1.93	1.94	2.30	1.76	4.06	9.06
EV/EBITDA Ratio	7.17	7.31	8.21	4.73	44.04	480.48
EV/EBIT Ratio	11.64	11.69	12.40	5.85	-	-
EV/FCF Ratio	4.79	4.81	7.03	12.73	-	-
Debt / Equity Ratio	0.01	0.01	0.01	0.01	0.17	0.13
Debt / EBITDA Ratio	0.08	0.08	0.08	0.05	3.83	17.43
Debt / FCF Ratio	0.05	0.05	0.07	0.15	-	-
Net Debt / Equity Ratio	-0.25	-0.25	-0.18	-0.17	-0.23	-0.37
Net Debt / EBITDA Ratio	-1.94	-1.94	-1.28	-0.66	-5.66	-76.65
Net Debt / FCF Ratio	-1.28	-1.28	-1.10	-1.76	11.64	3.26
Asset Turnover	0.43	0.43	0.40	0.53	0.26	0.18
Inventory Turnover	1.31	1.31	1.46	1.92	2.07	2.65
Quick Ratio	2.62	2.62	1.21	1.33	1.48	2.18
Current Ratio	4.22	4.22	2.07	1.94	1.96	2.49
Return on Equity (ROE)	11.33%	11.33%	9.09%	16.87%	-4.78%	-7.58%
Return on Assets (ROA)	4.41%	4.41%	4.60%	9.93%	-0.36%	-1.88%
Return on Invested Capital (ROIC)	7.92%	8.31%	11.77%	29.93%	-1.40%	-7.52%
Return on Capital Employed (ROCE)	7.70%	7.70%	9.10%	18.40%	-0.70%	-3.10%
Earnings Yield	9.01%	9.21%	6.64%	10.67%	-2.31%	-2.46%
FCF Yield	16.49%	16.85%	12.55%	7.06%	-0.94%	-4.45%
Buyback Yield / Dilution	0.10%	0.10%	-1.82%	-8.94%	-11.59%	-16.76%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.