ATD.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	71.28B EUR	83.54B EUR	73.79B EUR	65.07B EUR	66.43B EUR
Enterprise Value	83.86B EUR	95.72B EUR	87.13B EUR	79.33B EUR	79.92B EUR
Valuation Multiples
Trailing P/E	16.28x	26.19x	23.47x	28.54x	43.61x
Forward P/E	15.13x	--	--	--	--
Price to Sales	0.88x	1.03x	0.96x	1.14x	1.89x
Price to Book	3x	5.01x	4.56x	4.17x	4.32x
EV/Revenue	1.04x	1.18x	1.14x	1.39x	2.27x
EV/EBITDA	13.05x	13.19x	12.3x	15.19x	24.24x
Price to FCF (P/FCF)	25.57x	22.67x	21.88x	28.87x	41.75x
EV/FCF	30.08x	25.98x	25.83x	35.19x	50.23x
FCF Yield	3.91%	4.41%	4.57%	3.46%	2.4%