AMXB.MX 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	1.17T EUR	1.37T EUR	1.37T EUR	1.12T EUR
Enterprise Value	1.89T EUR	2.06T EUR	2.12T EUR	1.82T EUR
Valuation Multiples
Trailing P/E	13.2x	15.24x	15.68x	17.47x
Forward P/E	10.2x	--	--	--
Price to Sales	1.23x	1.43x	1.45x	1.57x
Price to Book	3.15x	3.12x	3.14x	3.09x
EV/Revenue	1.98x	2.15x	2.23x	2.56x
EV/EBITDA	5.98x	5.55x	5.74x	6.53x
Price to FCF (P/FCF)	7.67x	34.31x	34.48x	28.16x
EV/FCF	12.34x	51.69x	53.22x	45.85x
FCF Yield	13.04%	2.91%	2.9%	3.55%