ALS.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	3.79B EUR	3.54B EUR	2.73B EUR	1.89B EUR
Enterprise Value	3.48B EUR	3.48B EUR	2.69B EUR	1.68B EUR
Valuation Multiples
Trailing P/E	10.24x	11.89x	9.25x	6.46x
Forward P/E	59.12x	--	--	--
Price to Sales	49.48x	46.21x	43.09x	45.96x
Price to Book	2.69x	2.65x	2.05x	2.13x
EV/Revenue	45.48x	45.47x	42.44x	40.96x
EV/EBITDA	84.52x	95.89x	112.27x	130.64x
Price to FCF (P/FCF)	119.88x	136.54x	148.22x	84.92x
EV/FCF	110.19x	134.34x	146x	75.68x
FCF Yield	0.83%	0.73%	0.67%	1.18%