AOT.BK 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	832.14B EUR	917.86B EUR	742.86B EUR	757.14B EUR
Enterprise Value	856.86B EUR	940.03B EUR	769.93B EUR	780.69B EUR
Valuation Multiples
Trailing P/E	44.13x	49.15x	41.05x	61.16x
Forward P/E	28.01x	--	--	--
Price to Sales	12.61x	13.91x	11.19x	15.79x
Price to Book	6.2x	6.84x	5.73x	5.59x
EV/Revenue	12.99x	14.25x	11.59x	16.28x
EV/EBITDA	27.83x	24.72x	20.58x	29.26x
Price to FCF (P/FCF)	65.01x	32.88x	27.95x	42.68x
EV/FCF	66.94x	33.67x	28.97x	44.01x
FCF Yield	1.54%	3.04%	3.58%	2.34%