BAM.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	104.65B EUR	101.62B EUR	99.03B EUR	115.65B EUR
Enterprise Value	109.5B EUR	105.38B EUR	101.76B EUR	117.69B EUR
Valuation Multiples
Trailing P/E	27.19x	36.23x	39.28x	60.74x
Forward P/E	21.27x	--	--	--
Price to Sales	18.24x	21.09x	20.76x	32.77x
Price to Book	9.85x	13.53x	13.04x	14.25x
EV/Revenue	19.09x	21.87x	21.33x	33.35x
EV/EBITDA	28.59x	24.86x	29.03x	46.37x
Price to FCF (P/FCF)	39.13x	43.52x	42.7x	58.41x
EV/FCF	40.94x	45.13x	43.88x	59.44x
FCF Yield	2.56%	2.3%	2.34%	1.71%