AIG 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	40.28B EUR	39.11B EUR	40.1B EUR	46.04B EUR
Enterprise Value	38.94B EUR	46.74B EUR	47.8B EUR	53.96B EUR
Valuation Multiples
Trailing P/E	14.11x	13.19x	12.69x	19.2x
Forward P/E	8.76x	--	--	--
Price to Sales	1.51x	1.47x	1.51x	2.3x
Price to Book	1x	0.96x	0.99x	1.12x
EV/Revenue	1.46x	1.75x	1.8x	2.7x
EV/EBITDA	4.78x	--	--	--
Price to FCF (P/FCF)	5.47x	10.16x	11.38x	13.66x
EV/FCF	5.29x	12.14x	13.56x	16.01x
FCF Yield	18.28%	9.84%	8.79%	7.32%