AOT-R.BK 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	832.14B EUR	718.11B EUR	718.11B EUR	570.95B EUR
Enterprise Value	856.86B EUR	740.29B EUR	745.18B EUR	594.49B EUR
Valuation Multiples
Trailing P/E	45.51x	38.45x	39.68x	46.12x
Forward P/E	--	--	--	--
Price to Sales	12.61x	10.89x	10.81x	11.9x
Price to Book	6.2x	5.35x	5.54x	4.21x
EV/Revenue	12.99x	11.22x	11.22x	12.4x
EV/EBITDA	27.83x	19.46x	19.91x	22.28x
Price to FCF (P/FCF)	65.01x	25.72x	27.02x	32.19x
EV/FCF	66.94x	26.52x	28.03x	33.51x
FCF Yield	1.54%	3.89%	3.7%	3.11%