CLS.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	65.17B EUR	59.47B EUR	45.12B EUR	46.65B EUR
Enterprise Value	58.69B EUR	59.75B EUR	45.51B EUR	46.83B EUR
Valuation Multiples
Trailing P/E	39.6x	53.27x	47.06x	62.51x
Forward P/E	18.48x	--	--	--
Price to Sales	4.18x	3.81x	3.27x	4.79x
Price to Book	16.82x	23.99x	21.5x	21.05x
EV/Revenue	3.76x	3.83x	3.3x	4.81x
EV/EBITDA	37.58x	38.33x	32.92x	43.56x
Price to FCF (P/FCF)	89.39x	114.66x	91.79x	127.92x
EV/FCF	80.5x	115.19x	92.6x	128.42x
FCF Yield	1.12%	0.87%	1.09%	0.78%