ARJO-B.ST Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	7.4B EUR	6.69B EUR	6.8B EUR
Enterprise Value	12.19B EUR	7.17B EUR	7.16B EUR
Valuation Multiples
Trailing P/E	19.14x	16.95x	18.85x
Forward P/E	10.14x	--	--
Price to Sales	0.68x	0.61x	0.62x
Price to Book	0.95x	0.86x	0.87x
EV/Revenue	1.12x	0.65x	0.65x
EV/EBITDA	8.4x	3.43x	3.36x
Price to FCF (P/FCF)	8.13x	5.15x	5.55x
EV/FCF	13.38x	5.52x	5.84x
FCF Yield	12.31%	19.4%	18.02%