Company Valuation: Vastned NV

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 502.3 481.7 - -
Change - -4.11% - -
Enterprise Value (EV) 1 502.3 991.7 1,019 1,041
Change - 97.42% 2.72% 2.16%
P/E 10.2x 8.21x 9.29x 9.35x
PBR - 0.74x 0.72x 0.71x
PEG - 0.5x -0.8x -14.49x
Capitalization / Revenue - 6.94x 6.7x 6.46x
EV / Revenue - 14.3x 14.2x 14x
EV / EBITDA - 17.4x 17.3x 17.1x
EV / EBIT - 17.6x 17.4x 17.2x
EV / FCF - - - -
FCF Yield - - - -
Dividend per Share 2 - 1.865 1.87 1.91
Rate of return - 6.48% 6.49% 6.63%
EPS 2 3.04 3.51 3.1 3.08
Distribution rate - 53.1% 60.3% 62%
Net sales 1 - 69.44 71.94 74.52
EBITDA 1 - 57 59 61
EBIT 1 - 56.43 58.64 60.51
Net income 1 49.08 47.54 45.27 45.86
Net Debt 1 - 510 537 559
Reference price 2 31.10 28.80 28.80 28.80
Nbr of stocks (in thousands) 16,152 16,724 - -
Announcement Date 2/23/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.21x14.28x17.4x - 560M
39.92x15.61x15.95x5.33% 57.77B
16.76x23.46x28.11x3.44% 17.39B
8.44x12.16x14.9x5.68% 16.31B
18.38x16.61x23.86x5.14% 14.7B
9.98x13.64x16.21x5.19% 12.65B
27.61x10.97x17.25x3.9% 10.17B
7.77x20.33x27.51x3.19% 9.54B
14.63x11.82x18.37x6.36% 9.39B
36.02x7.62x12.24x5.47% 9.17B
Average 18.77x 14.65x 19.18x 4.86% 15.76B
Weighted average by Cap. 25.11x 15.34x 18.66x 4.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield