APO 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	70.07B EUR	68.14B EUR	64.23B EUR	83.81B EUR
Enterprise Value	84.23B EUR	55.06B EUR	55.88B EUR	77.94B EUR
Valuation Multiples
Trailing P/E	42.53x	36.34x	56.15x	27.48x
Forward P/E	11.09x	--	--	--
Price to Sales	1.97x	1.9x	2.04x	3.16x
Price to Book	3.49x	3.24x	3.22x	3.59x
EV/Revenue	2.37x	1.53x	1.77x	2.94x
EV/EBITDA	--	5.07x	5.98x	9.71x
Price to FCF (P/FCF)	--	7.19x	8.18x	13.44x
EV/FCF	--	5.81x	7.12x	12.5x
FCF Yield	--	13.9%	12.23%	7.44%