APLD Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	7.16B EUR	13.61B EUR	7.78B EUR	7.56B EUR
Enterprise Value	12.82B EUR	17.12B EUR	8.88B EUR	8.26B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-30.19x	--	--	--
Price to Sales	8.21x	23.62x	27.39x	48.02x
Price to Book	3.97x	7.93x	4.92x	5.22x
EV/Revenue	14.69x	29.71x	31.25x	52.43x
EV/EBITDA	-103.25x	--	267.74x	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-59.83%	-20.4%	-23.27%	-14.42%