A2A.MI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	7.1B EUR	7.07B EUR	7.59B EUR
Enterprise Value	13.49B EUR	12.9B EUR	7.59B EUR
Valuation Multiples
Trailing P/E	10.31x	--	--
Forward P/E	10.74x	--	--
Price to Sales	0.46x	--	--
Price to Book	1.36x	1.19x	--
EV/Revenue	0.87x	--	--
EV/EBITDA	6.47x	--	--
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-3.02%	--	--