ASM.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	1.34B EUR	1.57B EUR	1.49B EUR	1.39B EUR
Enterprise Value	1.18B EUR	1.43B EUR	1.36B EUR	1.29B EUR
Valuation Multiples
Trailing P/E	21.32x	34.93x	40.3x	65.92x
Forward P/E	10.96x	--	--	--
Price to Sales	11.38x	13.34x	13.19x	18.89x
Price to Book	3.33x	5.56x	5.4x	--
EV/Revenue	10x	12.18x	12.04x	17.58x
EV/EBITDA	20.65x	24.7x	25.18x	42.52x
Price to FCF (P/FCF)	63.77x	90.51x	117x	791.16x
EV/FCF	56.07x	82.67x	106.76x	736.53x
FCF Yield	1.57%	1.1%	0.85%	0.13%