AHGAZ.IS 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	122.33B EUR	101.14B EUR	57.32B EUR	57.42B EUR
Enterprise Value	130.81B EUR	84.43B EUR	30.27B EUR	37.7B EUR
Valuation Multiples
Trailing P/E	22.82x	18.85x	15.15x	42.13x
Forward P/E	--	--	--	--
Price to Sales	1.93x	1.49x	0.9x	1.49x
Price to Book	2.1x	1.69x	1.05x	1.19x
EV/Revenue	2.07x	1.24x	0.47x	0.98x
EV/EBITDA	26.1x	4.06x	1.63x	5.27x
Price to FCF (P/FCF)	1.99x	6.53x	2.83x	31.71x
EV/FCF	2.13x	5.45x	1.49x	20.82x
FCF Yield	50.14%	15.31%	35.38%	3.15%