ALK 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	4.39B EUR	5.82B EUR	4.1B EUR	5.81B EUR
Enterprise Value	9.36B EUR	12.38B EUR	10.31B EUR	12.08B EUR
Valuation Multiples
Trailing P/E	--	--	56.11x	21.85x
Forward P/E	11.94x	--	--	--
Price to Sales	0.3x	0.39x	0.28x	0.52x
Price to Book	1.2x	1.59x	1.1x	1.41x
EV/Revenue	0.63x	0.84x	0.72x	1.09x
EV/EBITDA	13.32x	14.29x	7.88x	9.15x
Price to FCF (P/FCF)	--	291.19x	--	--
EV/FCF	--	618.79x	--	--
FCF Yield	-0.54%	0.34%	-11.65%	-9.64%