VALE3.SA Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	288.97B EUR	351.74B EUR	307.18B EUR
Enterprise Value	372.86B EUR	368.85B EUR	321.61B EUR
Valuation Multiples
Trailing P/E	25.62x	123.37x	130.6x
Forward P/E	8.45x	--	--
Price to Sales	1.33x	8.9x	8x
Price to Book	1.47x	9.6x	9.17x
EV/Revenue	1.71x	9.33x	8.37x
EV/EBITDA	4.82x	27.64x	25.06x
Price to FCF (P/FCF)	21.71x	114.39x	109.9x
EV/FCF	28.02x	119.95x	115.07x
FCF Yield	4.61%	0.87%	0.91%