IAG.L 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	18.16B EUR	2.11T EUR	1.62T EUR	1.89T EUR
Enterprise Value	23.1B EUR	2.12T EUR	1.62T EUR	1.9T EUR
Valuation Multiples
Trailing P/E	7.3x	687.48x	466.53x	597.38x
Forward P/E	6.18x	--	--	--
Price to Sales	0.54x	63.33x	48.5x	72.27x
Price to Book	248.99x	245.02x	--	249.25x
EV/Revenue	0.69x	63.48x	48.5x	72.53x
EV/EBITDA	3.64x	407.47x	281.35x	357.73x
Price to FCF (P/FCF)	16.68x	--	--	--
EV/FCF	21.22x	--	--	--
FCF Yield	6%	--	--	--