AIF.TO 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	1.64B EUR	1.56B EUR	1.89B EUR	2.45B EUR
Enterprise Value	1.78B EUR	1.77B EUR	1.85B EUR	2.23B EUR
Valuation Multiples
Trailing P/E	--	--	--	6.61x
Forward P/E	14.69x	--	--	--
Price to Sales	3.2x	4.73x	5.87x	7.69x
Price to Book	5.09x	4.78x	4.72x	5.34x
EV/Revenue	3.46x	5.37x	5.73x	6.98x
EV/EBITDA	20.86x	38.52x	42.1x	46.45x
Price to FCF (P/FCF)	19.19x	30.12x	24.83x	43.8x
EV/FCF	20.76x	34.18x	24.25x	39.77x
FCF Yield	5.21%	3.32%	4.03%	2.28%