EFN.TO 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	8.39B EUR	11.45B EUR	11.98B EUR	14.39B EUR
Enterprise Value	17.69B EUR	20.69B EUR	21.27B EUR	23.91B EUR
Valuation Multiples
Trailing P/E	21.03x	38.97x	40.55x	81.37x
Forward P/E	9.64x	--	--	--
Price to Sales	3.42x	4.67x	4.97x	8.1x
Price to Book	2.21x	4.3x	4.44x	5.29x
EV/Revenue	7.21x	8.43x	8.83x	13.46x
EV/EBITDA	14.71x	16.02x	16.84x	26.29x
Price to FCF (P/FCF)	5.36x	14.47x	64.68x	--
EV/FCF	11.29x	26.14x	114.84x	--
FCF Yield	18.66%	6.91%	1.55%	-1.32%