ACS.MC 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	23.7B EUR	34.23B EUR	27.3B EUR	22.04B EUR
Enterprise Value	24.93B EUR	35.97B EUR	29.43B EUR	25.27B EUR
Valuation Multiples
Trailing P/E	19.84x	28.16x	22.82x	22.86x
Forward P/E	18.3x	--	--	--
Price to Sales	0.46x	0.53x	0.43x	0.43x
Price to Book	4x	5.66x	5.59x	4.58x
EV/Revenue	0.48x	0.56x	0.47x	0.5x
EV/EBITDA	10.74x	27.34x	22.36x	19.21x
Price to FCF (P/FCF)	7.97x	374.94x	723.56x	--
EV/FCF	8.38x	394.07x	779.91x	--
FCF Yield	12.55%	0.27%	0.14%	-0.43%