SJ.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	3.55B EUR	4.28B EUR	5.09B EUR
Enterprise Value	5.09B EUR	5.79B EUR	6.69B EUR
Valuation Multiples
Trailing P/E	13.77x	15.44x	16.48x
Forward P/E	10.65x	--	--
Price to Sales	1.01x	1.19x	1.53x
Price to Book	1.62x	1.96x	2.43x
EV/Revenue	1.45x	1.61x	2.01x
EV/EBITDA	9.81x	9.42x	11.19x
Price to FCF (P/FCF)	10.46x	8.62x	16.86x
EV/FCF	15.02x	11.66x	22.16x
FCF Yield	9.56%	11.6%	5.93%