SRU-UN.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	5.18B EUR	5.17B EUR	4.54B EUR	4.39B EUR
Enterprise Value	10.09B EUR	10.36B EUR	9.76B EUR	9.55B EUR
Valuation Multiples
Trailing P/E	28.71x	32.89x	12.44x	16.91x
Forward P/E	13.34x	--	--	--
Price to Sales	5.42x	5.63x	4.96x	6.41x
Price to Book	0.75x	1.02x	0.86x	0.84x
EV/Revenue	10.56x	11.27x	10.65x	13.95x
EV/EBITDA	17.9x	18.51x	17.85x	23.13x
Price to FCF (P/FCF)	12.75x	13.28x	12.27x	14.95x
EV/FCF	24.82x	26.62x	26.38x	32.5x
FCF Yield	7.85%	7.53%	8.15%	6.69%