DOL.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	51.51B EUR	51.41B EUR	47.01B EUR	50.05B EUR	49.88B EUR
Enterprise Value	56.08B EUR	56.83B EUR	52.37B EUR	55.11B EUR	55.06B EUR
Valuation Multiples
Trailing P/E	38.54x	37.64x	35.13x	48.32x	77.54x
Forward P/E	32.79x	--	--	--	--
Price to Sales	6.53x	6.52x	6.2x	8.73x	13.73x
Price to Book	34.96x	34.78x	34.31x	34.37x	38.43x
EV/Revenue	7.11x	7.21x	6.91x	9.61x	15.15x
EV/EBITDA	29.17x	22.09x	20.92x	28.54x	45.39x
Price to FCF (P/FCF)	41.54x	32.26x	31.62x	41.15x	68.36x
EV/FCF	45.23x	35.67x	35.23x	45.32x	75.46x
FCF Yield	2.41%	3.1%	3.16%	2.43%	1.46%