APM.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	889.58M EUR	876.57M EUR	1.04B EUR	1.46B EUR
Enterprise Value	789.46M EUR	854.3M EUR	973.37M EUR	1.43B EUR
Valuation Multiples
Trailing P/E	5.48x	7.28x	6.88x	14.12x
Forward P/E	4.55x	--	--	--
Price to Sales	1.96x	1.93x	2.26x	4.91x
Price to Book	2.1x	2.91x	3.32x	5.54x
EV/Revenue	1.74x	1.88x	2.11x	4.79x
EV/EBITDA	4.72x	5.09x	5.34x	12.88x
Price to FCF (P/FCF)	9.99x	27.11x	10.43x	24.14x
EV/FCF	8.87x	26.42x	9.72x	23.57x
FCF Yield	10.01%	3.69%	9.59%	4.14%