AVNT 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	3.47B EUR	3.39B EUR	3.33B EUR	2.86B EUR
Enterprise Value	5.22B EUR	4.84B EUR	4.83B EUR	4.35B EUR
Valuation Multiples
Trailing P/E	22.1x	19.94x	21.1x	28.02x
Forward P/E	10.81x	--	--	--
Price to Sales	1.04x	1.02x	1.01x	1.18x
Price to Book	1.42x	1.39x	1.38x	1.2x
EV/Revenue	1.57x	1.45x	1.47x	1.79x
EV/EBITDA	8.9x	9.48x	9.79x	12.41x
Price to FCF (P/FCF)	13.14x	17.77x	16.23x	11.06x
EV/FCF	19.8x	25.37x	23.53x	16.82x
FCF Yield	7.61%	5.63%	6.16%	9.04%