AMANAT.AE 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	3.86B EUR	3.44B EUR	3B EUR	3.2B EUR
Enterprise Value	3.75B EUR	3.05B EUR	2.2B EUR	2.33B EUR
Valuation Multiples
Trailing P/E	17.17x	17.82x	16.21x	22.99x
Forward P/E	25.75x	--	--	--
Price to Sales	3.69x	3.46x	3.19x	4.99x
Price to Book	1.37x	1.23x	1.1x	1.13x
EV/Revenue	3.59x	3.06x	2.34x	3.63x
EV/EBITDA	15.18x	6.53x	5.11x	7.47x
Price to FCF (P/FCF)	31.78x	57.02x	95.4x	36.31x
EV/FCF	30.9x	50.43x	69.94x	26.43x
FCF Yield	3.15%	1.75%	1.05%	2.75%