ATRO 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	2.76B EUR	3.49B EUR	2.29B EUR	1.85B EUR
Enterprise Value	3.12B EUR	3.84B EUR	2.66B EUR	2.21B EUR
Valuation Multiples
Trailing P/E	35.09x	44.17x	50.48x	93.46x
Forward P/E	21.15x	--	--	--
Price to Sales	2.93x	3.71x	2.58x	2.82x
Price to Book	13.93x	17.63x	14.16x	13.23x
EV/Revenue	3.31x	4.07x	3x	3.37x
EV/EBITDA	20.95x	21.1x	18.29x	19.73x
Price to FCF (P/FCF)	164.27x	57.59x	95.31x	75.39x
EV/FCF	185.31x	63.26x	110.59x	90.04x
FCF Yield	0.61%	1.74%	1.05%	1.33%