AVARDA.ST 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	12.62B EUR	11.6B EUR	10.68B EUR	10.59B EUR
Enterprise Value	7.22B EUR	11.98B EUR	11.06B EUR	11.15B EUR
Valuation Multiples
Trailing P/E	16.73x	19.38x	19.36x	21.77x
Forward P/E	--	--	--	--
Price to Sales	5.96x	4.6x	4.61x	4.91x
Price to Book	4.05x	3.45x	3.06x	3.22x
EV/Revenue	3.41x	4.75x	4.78x	5.17x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	5.39x	23.95x	19.78x
EV/FCF	--	5.56x	24.81x	20.82x
FCF Yield	--	18.57%	4.17%	5.06%