AG.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	12.15B EUR	11.86B EUR	14.72B EUR	11.25B EUR
Enterprise Value	11.39B EUR	11.1B EUR	14.05B EUR	10.77B EUR
Valuation Multiples
Trailing P/E	25.4x	30.93x	46.86x	67.5x
Forward P/E	17.87x	--	--	--
Price to Sales	7.4x	7.19x	9.81x	11.04x
Price to Book	2.88x	4x	5.09x	4.08x
EV/Revenue	6.94x	6.73x	9.37x	10.56x
EV/EBITDA	12.09x	11.47x	17.11x	20.65x
Price to FCF (P/FCF)	15.67x	19.32x	29.14x	35.58x
EV/FCF	14.7x	18.08x	27.81x	34.05x
FCF Yield	6.38%	5.18%	3.43%	2.81%