AMTB 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	1.13B EUR	1B EUR	877.27M EUR	792.01M EUR
Enterprise Value	1.76B EUR	1.62B EUR	1.64B EUR	1.25B EUR
Valuation Multiples
Trailing P/E	20.7x	17.74x	15.04x	19.58x
Forward P/E	10.19x	--	--	--
Price to Sales	2.88x	2.5x	2.14x	2.51x
Price to Book	1.23x	1.09x	0.96x	0.84x
EV/Revenue	4.49x	4.05x	3.99x	3.97x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	9.57x	7.23x	7.12x
EV/FCF	--	15.49x	13.5x	11.25x
FCF Yield	--	10.45%	13.84%	14.04%