VMET.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	1.36B EUR	1.89B EUR	1.39B EUR	1.2B EUR
Enterprise Value	1.69B EUR	2.26B EUR	1.43B EUR	1.36B EUR
Valuation Multiples
Trailing P/E	26.06x	51.16x	43.17x	64.46x
Forward P/E	25.94x	--	--	--
Price to Sales	18.35x	25.54x	25.23x	38.19x
Price to Book	2.47x	4.8x	3.81x	5.11x
EV/Revenue	22.76x	30.42x	25.93x	43.54x
EV/EBITDA	21.15x	52.78x	51.86x	103.48x
Price to FCF (P/FCF)	--	22.39x	20.89x	23.27x
EV/FCF	--	26.67x	21.47x	26.53x
FCF Yield	-8.99%	4.47%	4.79%	4.3%