AVNW 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	267.07M EUR	284.09M EUR	292.1M EUR	271.18M EUR
Enterprise Value	287.74M EUR	310.43M EUR	320.64M EUR	293.08M EUR
Valuation Multiples
Trailing P/E	109.32x	111.89x	32.41x	24.48x
Forward P/E	6.95x	--	--	--
Price to Sales	0.61x	0.65x	0.67x	0.81x
Price to Book	0.99x	1.06x	1.07x	1x
EV/Revenue	0.65x	0.71x	0.74x	0.88x
EV/EBITDA	10.46x	10.65x	9.3x	8.83x
Price to FCF (P/FCF)	82.72x	46.65x	24.62x	15.72x
EV/FCF	89.12x	50.97x	27.03x	16.99x
FCF Yield	1.21%	2.14%	4.06%	6.36%