PPL.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	39.28B EUR	38.15B EUR	36.2B EUR	30.38B EUR
Enterprise Value	54.44B EUR	51.81B EUR	49.94B EUR	43.59B EUR
Valuation Multiples
Trailing P/E	23.79x	21.37x	21.42x	25.49x
Forward P/E	21.1x	--	--	--
Price to Sales	4.93x	4.79x	4.76x	5.53x
Price to Book	2.56x	2.24x	2.14x	1.81x
EV/Revenue	6.84x	6.51x	6.57x	7.93x
EV/EBITDA	15.55x	13.63x	13.54x	16.33x
Price to FCF (P/FCF)	27.03x	18.3x	18.11x	16.41x
EV/FCF	37.46x	24.85x	24.98x	23.55x
FCF Yield	3.7%	5.46%	5.52%	6.09%