VLE.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	1.75B EUR	1.1B EUR	1.57B EUR	863.31M EUR
Enterprise Value	1.51B EUR	871.64M EUR	1.4B EUR	673.07M EUR
Valuation Multiples
Trailing P/E	20.63x	17.73x	107.25x	99.25x
Forward P/E	15.85x	--	--	--
Price to Sales	2.6x	1.65x	2.91x	1.93x
Price to Book	2.04x	1.83x	2.84x	1.59x
EV/Revenue	2.24x	1.3x	2.6x	1.51x
EV/EBITDA	3.98x	2.62x	5.96x	3.42x
Price to FCF (P/FCF)	13.69x	8.78x	28.34x	8.85x
EV/FCF	11.79x	6.93x	25.31x	6.9x
FCF Yield	7.3%	11.39%	3.53%	11.3%