ATRL.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	14.11B EUR	14.17B EUR	14.64B EUR	14.57B EUR
Enterprise Value	14.45B EUR	14.65B EUR	14.87B EUR	14.72B EUR
Valuation Multiples
Trailing P/E	32.54x	32.93x	5.52x	5.69x
Forward P/E	18.07x	--	--	--
Price to Sales	1.2x	1.21x	1.28x	1.72x
Price to Book	2.63x	2.63x	2.71x	2.65x
EV/Revenue	1.23x	1.25x	1.3x	1.74x
EV/EBITDA	14.52x	13.25x	14.24x	18.74x
Price to FCF (P/FCF)	22.5x	27.37x	43.49x	52.68x
EV/FCF	23.03x	28.32x	44.19x	53.22x
FCF Yield	4.44%	3.65%	2.3%	1.9%