Cost of equity over the last 12 months

Banks Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Cost of equity bandwidth Cost of equity average 9,0% 8,9% 9,1% 8,0% 8,2% 8,2% 8,1% 8,1% 8,1% 8,1% 8,0% 8,0%

Summary of cost of equity

Banks, November 2025 Cost of equity Risk free rate 3,40% Beta 0,9 Market risk premium 4,1% – 5,6% Cost of equity 7,3% – 8,7%

Market multipliers in finance sector over the last 12 months

Banks Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 0x 2x 4x 6x 8x 10x 12x Price Book Price Earnings

Trendradar

Figure of the month 7.6% – WACC in transport & logistics sector decreases to 7.6%!

Viktoria Gass

Questions?

Viktoria Gass

Partner, Austria
Vienna Office
Tel: +43 1 501 88-2860