Bavarian Nordic Ratios and Metrics

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Jul '26 Jul 21, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Market Cap	13,972	14,938	14,789
Market Cap Growth	-2.76%	1.01%	-
Enterprise Value	11,819	11,735	12,742
Last Close Price	181.00	190.85	189.35
PE Ratio	12.34	10.84	15.03
Forward PE	18.91	18.22	9.77
PEG Ratio	-	2.09	0.47
PS Ratio	2.35	2.39	2.59
PB Ratio	1.10	1.16	1.30
P/TBV Ratio	2.07	2.15	2.91
P/FCF Ratio	6.58	5.94	7.92
P/OCF Ratio	5.93	5.49	7.58
EV/Sales Ratio	1.98	1.88	2.23
EV/EBITDA Ratio	8.28	4.62	7.95
EV/EBIT Ratio	15.37	6.51	13.56
EV/FCF Ratio	5.57	4.66	6.82
Debt / Equity Ratio	0.01	0.01	0.01
Debt / EBITDA Ratio	0.06	0.05	0.08
Debt / FCF Ratio	0.07	0.05	0.07
Net Debt / Equity Ratio	-0.17	-0.25	-0.18
Net Debt / EBITDA Ratio	-0.94	-1.26	-1.28
Net Debt / FCF Ratio	-1.01	-1.27	-1.10
Asset Turnover	0.41	0.43	0.40
Inventory Turnover	1.20	1.32	1.24
Quick Ratio	3.58	2.64	1.24
Current Ratio	6.47	4.22	2.07
Return on Equity (ROE)	9.18%	11.33%	8.66%
Return on Assets (ROA)	7.79%	9.38%	6.64%
Return on Invested Capital (ROIC)	11.20%	14.48%	10.21%
Return on Capital Employed (ROCE)	11.59%	14.45%	8.10%
Earnings Yield	8.40%	9.22%	6.65%
FCF Yield	15.19%	16.85%	12.63%
Buyback Yield / Dilution	0.40%	0.10%	-
Total Shareholder Return	0.40%	0.10%	-