AGI.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	19.65B EUR	18B EUR	25.99B EUR	22.25B EUR
Enterprise Value	18.72B EUR	17.58B EUR	25.55B EUR	21.85B EUR
Valuation Multiples
Trailing P/E	12.22x	15.34x	24.47x	25.56x
Forward P/E	10.91x	--	--	--
Price to Sales	8.82x	8.08x	12.54x	15.08x
Price to Book	2.88x	3.75x	5.64x	5.01x
EV/Revenue	8.4x	7.89x	12.33x	14.81x
EV/EBITDA	12.04x	12.33x	19.96x	25.5x
Price to FCF (P/FCF)	152.36x	56.34x	74.45x	75.9x
EV/FCF	145.22x	55.02x	73.19x	74.53x
FCF Yield	0.66%	1.78%	1.34%	1.32%