CMIG4.SA 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	34.7B EUR	31.1B EUR	36.07B EUR	32.04B EUR
Enterprise Value	54.2B EUR	51.68B EUR	36.07B EUR	50.02B EUR
Valuation Multiples
Trailing P/E	7.49x	6.77x	7.46x	8.3x
Forward P/E	10.41x	--	--	--
Price to Sales	0.79x	0.72x	0.84x	0.98x
Price to Book	1.19x	1.07x	--	1.12x
EV/Revenue	1.24x	1.19x	0.84x	1.53x
EV/EBITDA	6.87x	6.12x	4.15x	7.1x
Price to FCF (P/FCF)	--	30.17x	35x	50.02x
EV/FCF	--	50.15x	35x	78.09x
FCF Yield	-9.17%	3.31%	2.86%	2%