OMAB 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	4.36B EUR	43.67B EUR	44.31B EUR	42B EUR
Enterprise Value	16.24B EUR	55.37B EUR	54.22B EUR	53.44B EUR
Valuation Multiples
Trailing P/E	14.47x	8.06x	8.37x	10.35x
Forward P/E	11.16x	--	--	--
Price to Sales	0.27x	2.68x	2.73x	3.39x
Price to Book	8.38x	4.79x	3.55x	3.73x
EV/Revenue	1x	3.39x	3.34x	4.31x
EV/EBITDA	1.65x	5.44x	5.4x	6.97x
Price to FCF (P/FCF)	1.97x	6.44x	6.26x	6.79x
EV/FCF	7.35x	8.16x	7.66x	8.64x
FCF Yield	50.69%	15.53%	15.97%	14.73%