CM.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	141.3B EUR	150.75B EUR	138.65B EUR	115.82B EUR	107.68B EUR
Enterprise Value	113.98B EUR	314.86B EUR	301.58B EUR	288.28B EUR	279.69B EUR
Valuation Multiples
Trailing P/E	14.94x	14.89x	14.12x	15.73x	25.23x
Forward P/E	13.67x	--	--	--	--
Price to Sales	4.71x	4.69x	4.46x	5.01x	7.29x
Price to Book	2.16x	2.24x	2.11x	1.77x	1.68x
EV/Revenue	3.8x	9.79x	9.71x	12.48x	18.93x
EV/EBITDA	--	--	--	--	--
Price to FCF (P/FCF)	--	11.73x	9.63x	--	119.78x
EV/FCF	--	24.5x	20.95x	--	311.12x
FCF Yield	--	8.52%	10.38%	-1.29%	0.83%