FNV.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	67.42B EUR	57.08B EUR	66.43B EUR	54.85B EUR
Enterprise Value	64.96B EUR	56.06B EUR	65.71B EUR	54.18B EUR
Valuation Multiples
Trailing P/E	33.08x	38.62x	48.46x	60.79x
Forward P/E	26.24x	--	--	--
Price to Sales	29.3x	24.64x	31.56x	37.72x
Price to Book	5.84x	6.93x	8.19x	7.18x
EV/Revenue	28.23x	24.2x	31.22x	37.25x
EV/EBITDA	31.12x	25.81x	33.44x	41.46x
Price to FCF (P/FCF)	143.37x	64.03x	--	--
EV/FCF	138.13x	62.89x	--	--
FCF Yield	0.7%	1.56%	-0.64%	-0.88%