AMG 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	10.01B EUR	8.8B EUR	7.33B EUR	7.78B EUR
Enterprise Value	13.87B EUR	11.39B EUR	9.88B EUR	9.89B EUR
Valuation Multiples
Trailing P/E	13.57x	10.27x	9.72x	12.08x
Forward P/E	9.04x	--	--	--
Price to Sales	4.41x	3.88x	3.45x	4.93x
Price to Book	3.31x	2.9x	2.37x	2.4x
EV/Revenue	6.11x	5.02x	4.65x	6.27x
EV/EBITDA	22.17x	9.34x	9.14x	12.3x
Price to FCF (P/FCF)	36.13x	8.26x	6.95x	10.24x
EV/FCF	50.04x	10.7x	9.36x	13.02x
FCF Yield	2.77%	12.1%	14.39%	9.76%